Category: shut down


All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Regulation in South Korea, Regulator Warns


All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Crypto Regulation in South Korea, Regulator WarnsThe chairman of South Korea’s top financial regulator, the Financial Services Commission (FSC), Eun Sung-soo, has warned that all of the cryptocurrency exchanges in the country could be shut down. South Korea currently has about 200 cryptocurrency exchanges, he said. All Crypto Exchanges Could Be Shut Down in South Korea At the general meeting of […]


Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam


Russian Crypto Exchange Shuts Down Amid Accusations of Exit ScamThe Russian cryptocurrency exchange Livecoin has shut down amid accusations that it has pulled an exit scam. Customers are unable to withdraw their funds and have been asked to provide extensive identifying information which they fear would lead to identity theft. The exchange claims that it was hacked in December. Livecoin Crypto Exchange Closes Down […]


Purse.io Returns: Company Reveals Crypto Marketplace ‘Is Here to Stay’


On April 17, new.Bitcoin.com reported on the crypto marketplace Purse.io announcing the company would dissolve. Six days later, Purse revealed that the team is reconsidering the decision and explained that well known bitcoin advocates reached out with interest in acquisition. More than a week ago, the popular cryptocurrency marketplace Purse.io abruptly announced its decision to […]

The post Purse.io Returns: Company Reveals Crypto Marketplace ‘Is Here to Stay’ appeared first on Bitcoin News.


Crypto Marketplace Purse.io to Dissolve Operations After 6 Years


Crypto Marketplace Purse.io to Dissolve Operations After 6 YearsOn April 16, the crypto firm Purse.io announced the company is planning to dissolve after six years of operation. The marketplace provided incentives for people who wanted the lowest price points by leveraging cryptocurrency solutions. New signups on Purse have been disabled and the company’s doors will officially close in June. Also read: $2,000 a […]

The post Crypto Marketplace Purse.io to Dissolve Operations After 6 Years appeared first on Bitcoin News.


Hong Kong Crypto Exchange Bitspark Shuts Down Amid Coronavirus Outbreak and Protests


Hong Kong Crypto Exchange Bitspark Shuts Down Amid Coronavirus Outbreak and ProtestsCrypto exchange service provider Bitspark is shutting down next month despite reporting exponential growth following the launch of its cash point product. The CEO of the company explained that its internal restructuring has not worked out but insisted that the ongoing protests in Hong Kong and coronavirus outbreak have not affected his platform much. Also […]

The post Hong Kong Crypto Exchange Bitspark Shuts Down Amid Coronavirus Outbreak and Protests appeared first on Bitcoin News.


European AML Directive Pushes Crypto Startup Bottle Pay Out of Business


European AML Directive Pushes Crypto Startup Bottle Pay Out of BusinessBottle Pay, a cryptocurrency payments provider from the U.K., has announced its decision to cease operations by the end of the year. Despite attracting some serious funding and expanding its user base significantly in the past few months, the company has found it unacceptable to continue to work under the upcoming EU regulations. AMLD5, the […]

The post European AML Directive Pushes Crypto Startup Bottle Pay Out of Business appeared first on Bitcoin News.


Koinex Exchange Shuts Down Ahead of Crypto Regulation


Koinex Exchange Shuts Down Ahead of Crypto RegulationAnother Indian crypto exchange has shut down permanently due to the banking restriction and regulatory delays. The exchange cites denials in payment services and a sharp decline in trading volume resulting from the recent news of a draft bill to ban cryptocurrencies. Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms Koinex Shuts Down Indian […]

The post Koinex Exchange Shuts Down Ahead of Crypto Regulation appeared first on Bitcoin News.


Indian Supreme Court Takes Too Long on Crypto Case – Another Exchange Shuts Down


Indian Supreme Court Taking Too Long on Crypto Case - Coindelta Terminates ServiceThe inaction of India’s supreme court to end the prolonged banking restriction has forced another cryptocurrency exchange to shut down. The exchange has given its users 30 days to withdraw funds at increased fees, prompting several other exchanges to offer to refund these fees for customers switching to them. Also read: Indian Supreme Court Set […]

The post Indian Supreme Court Takes Too Long on Crypto Case – Another Exchange Shuts Down appeared first on Bitcoin News.


Thai Crypto Exchange Determined to Stay Open After SEC Orders Shutdown


Thai Cryptocurrency Exchange Determined to Stay Open After SEC Orders ShutdownThe Thai Ministry of Finance has rejected the last cryptocurrency exchange application it had been reviewing. The exchange, which has been ordered to close down business and return customer funds, is determined to stay operational. “Shutting down is not an option for us,” its chief strategy officer reportedly said. Also read: Indian Supreme Court Moves Crypto […]

The post Thai Crypto Exchange Determined to Stay Open After SEC Orders Shutdown appeared first on Bitcoin News.


Nigeria’s Union Bank Threatens to Shut Down Cryptocurrency-Related Accounts


Nigeria's Union Bank Threatens to Shut Down Cryptocurrency-Related AccountsA large commercial bank in Nigeria has threatened to shut down an undisclosed number of cryptocurrency-related accounts without explanation. Lagos-based Union Bank claims that any decision to do so would be in line with the Central Bank of Nigeria’s (CBN) past warnings about cryptocurrency trading. Also read: Malaysian MP “Concerned About Threat” From Cryptocurrencies to Government […]

The post Nigeria’s Union Bank Threatens to Shut Down Cryptocurrency-Related Accounts appeared first on Bitcoin News.


Korean Exchange Terminating After Regulator Crackdown


Korean Exchange Shuts Down After Regulator Cracks Down on Its Cryptocurrency FundCryptocurrency exchange Zeniex has announced that it is terminating all services after South Korea’s financial authorities started cracking down on unauthorized crypto funds. The exchange is asking its customers to withdraw their cryptocurrencies before the end-of-service date. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Terminating Services and Fund Zeniex, an exchange launched in May, […]

The post Korean Exchange Terminating After Regulator Crackdown appeared first on Bitcoin News.


ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Evade US Sanctions


ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Avoid US SanctionsMalta’s Pilatus Bank has been shut down by the European Central Bank (ECB). Its banking license was revoked after its chairman was charged in the U.S. with money laundering and organizing a scheme to evade U.S. sanctions. The bank had also been accused by a murdered journalist of processing corrupt payments. EU authorities now want new […]

The post ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Evade US Sanctions appeared first on Bitcoin News.


India’s Zebpay Shuts Down Exchange Activities


India’s Zebpay Shuts Down Exchange ActivitiesOne of the largest cryptocurrency exchanges in India, Zebpay, is shutting down its exchange activities due to the crypto banking ban imposed by the country’s central bank. “At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business,” Zebpay wrote. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, […]

The post India’s Zebpay Shuts Down Exchange Activities appeared first on Bitcoin News.


PBOC Provides Update on Its Crypto Prevention Efforts


PBOC Provides Update on Its Crypto Prevention EffortsThe People’s Bank of China (PBOC) has issued a statement detailing its efforts to stop and prevent crypto and initial coin offering activities in the country. The bank outlines measures against the widespread of overseas exchanges servicing domestic users such as blocking trading platforms and closing down 3,000 trading accounts. Also read: 160 Crypto Exchanges Seek […]

The post PBOC Provides Update on Its Crypto Prevention Efforts appeared first on Bitcoin News.


By continuing to use the site, you agree to the use of cookies. more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close