Poland’s Cryptocurrency Exchange BitBay to Relocate to Malta

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Poland’s Cryptocurrency Exchange BitBay to Relocate to Malta

Post by howlermunkey » Wed May 30, 2018 8:58 am

Poland’s largest cryptocurrency exchange has announced that it is shutting shop in its home country and is relocating to the sunnier climes of Malta.

Established in 2014, Polish crypto exchange BitBay provides access to 29 digital currencies, has over 800,000 active users, processes 125 transactions per minute, and has more than 200 employees, making it the biggest cryptocurrency business in the country.

Yet, despite its established footing in Poland, the last Polish bank ready to provide bank services to cryptocurrency exchanges has decided to end its relationship with BitBay, according to a company announcement. This will be effective from the 31st May, and from the 17th September trade on the exchange will be suspended. From the 18th September, users will only be able to withdraw their funds deposited on their accounts.

https://coinjournal.net/polands-cryptoc ... -to-malta/

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