One of the largest cryptocurrency exchanges of Thailand Bitcoin Co. Ltd. (BX.in.th) decided to go out of business. As follows from the announcement of the company, it will develop “other commercial opportunities”.
Deposit to Bitcoin Co. will be available until 6 September. After September 30, the exchange will cease service transactions. Users are required to withdraw their funds from the exchange until November 1. After that date, the exchange website will only work for communication with clients.
Bitcoin Co. also said that will not be to be licensed by the exchange of virtual assets in the securities Commission and the stock exchange of Thailand in 2020. The company writes:
“We thank our loyal customers for the use of BX.in.th over the past five years. Please note that all funds remain safe, and all customers will receive a 100 percent return of assets”.
On the news the exchange rate of bitcoin (EXANTE: Bitcoin) on BX.in.th at some point fell to 199 999 baht, which is $6500, while the majority of the exchanges in the morning on Monday, the cryptocurrency is trading at a level of $9700.
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