Running Bitcoin exchanges requires a lot of time, effort, and money. But despite a lot of hard work, regulatory issues can always force a shutdown. Romania’s BTCXChange has shut down its services for good. Users had until yesterday to withdraw all of their funds. It is the second time BTCXChange is shut down, albeit it remains to be seen if they will return.
The announcement about BTCXchange shutting down was posted on the website in August of 2016. Users were advised to move all of their funds off the platform by September 12. Horeo Oradea Vuşcan, the owner of BTCXchange, has taken the decision to shut down the platform the second time.
Game Over for BTCXchange
To be more precise, he is looking for a new buyer to take over the domain and exchange platform. For now, it remains unclear as to why this decision was taken. We do know Vuşcan had plans to sell the company quite some time ago. Until a buyer was found, he kept the platform up and running, until very recently.