First Romanian Bitcoin Exchange Closes Next Week

On Sunday, the Romanian company announced to its users about the decision made. They were informed to withdraw their money as quickly as possible in order not to lose their investments. The Romanian exchange has already shut down some of its operations. Traders no longer have the ability to convert cryptocurrency into fiat currency (Romanian Leu) and reverse.

The announcement states:

“We will 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. Please withdraw all your balances before the 1st of May.”

We want to remind you that at the beginning of 2018, Max Nicula, the Chief Executive at BTCxChange, announced that the platform’s bank accounts were closed. This has led to the consequences that can be observed now. The company didn’t have the necessary support to continue operating with fiat traders.

The announcement made on April 22, 2018, becomes the third attempt to close the company. The first attempt took place in September 2014, when all users were asked to withdraw their money, because of technical blurring.

In September 2016, the company has revealed that it would probably sell it. The CEO Horea Vuscan said, he would prefer to retire and take the platform out for auction.