Venezuelan Bitcoin Exchange SurBitcoin Halts Fiat Operations

SurBitcoin, the bitcoin exchange in Venezuela is currently operating in limited capacity due to issues with its banking service provider. Read more
Bitcoin exchange SurBitcoin has reportedly halted its fiat operations citing issues with Bansenco Bank, its bank service provider.
The Venezuelan startup, according to a thread on Reddit, has confirmed that its banking partner has frozen its business account following the complaint of an anonymous customer. Apparently, the said customer had recently requested Bansenco Bank to reverse a wire transfer that was earlier made to SurBitcoin. While the intention behind the person’s actions is still unclear, the fraud department at Bansenco Bank didn’t wait to find out, and froze the exchange’s active business accounts.

This post was published at NewsBTC on 2:16 pm July 8, 201.