Romanian Bitcoin (Bitcoin) exchange BTCxChange has announced that it will close on May 1st, 2018.
“We inform you that starting from 1st May 2018, our platform will be closed. Operations stopped back on 1st February, you still could stock your bitcoins on our platform,” reads a post on the platform’s website.
The exchange based in Romania sent out letters to notify its users to withdraw all bitcoins in their accounts before the May 1 deadline.
The exchange stopped regular operations since February but allowed account holders to deposit Bitcoins into the platform.
The National Bank of Romania (NBR) recently discouraged investment in cryptocurrencies through a communiqué which classified virtual coins as speculative, highly volatile and risky assets.
The NBR also warned against providing services such as banking services to cryptocurrency investment and trading platforms like BTCxChange.
By Jade Olafson