Romania’s Oldest Bitcoin Exchange Is Forced To Shut Down

According to a notice dated back in April 22, BTCechange, a Romania cryptocurrency exchange made a warning to its clients asking them to pull back their remaining funds from the firm, which had effectively suspended most of its activities – including the ability to trade between cryptocurrencies and fiat currencies like the Romania leu, earlier this year.

“We inform you that starting from 1st of May 2018, our platform will be closed. Operations stopped back on 1st of February but you still could stock your bitcoins on our platform.” States the notice.

Not long ago, the exchange’s CEO, Max Nicula, stated that the startup’s financial balances had been closed down, and it would no longer be able to process fiat exchanges, Cryptoninjas revealed.

This marks the third time the exchange has said that it would close. In September 2016, the organization reported it would perhaps be sold, and arranged for a closure at the time. At the time, the startup’s proprietor, Horea Vuscan, said he needed to resign, and set the exchange up for sale.

But before that, the exchange requested that its clients pull back every one of their assets after its group lost access to their servers in September 2014, less than a year after it first opened.