“BTC Trading Corp (BTC-TC) announced that it will close all trading by October 7, two weeks from today. BTC-TC is one of the largest bitcoin securities exchanges, responsible for 101,000 BTC ($12M) in deposited securities and 2,900 BTC ($350K) in daily volume. The company’s notice cited ‘recent changes in the virtual currency regulatory environment’ as the reason for shuttering operations. Also closing is LTC-Global, a litecoin-denominated securities exchange also run by Ethan Burnside, the same operator as BTC-TC. All trading was temporarily halted and order books were cleared after the announcement was made at 5am EST.”
http://thegenesisblock.com/btc-trading-corp-shutters-operations-cites-regulatory-environment/
BTC Trading Corp (BTC-TC) announced that it will close all trading by October 7, two weeks from today. BTC-TC is one of the largest bitcoin securities exchanges, responsible for 101,000 BTC ($12M) in deposited securities and 2,900 BTC ($350K) in daily volume. The company’s notice cited “recent changes in the virtual currency regulatory environment” as the reason for shuttering operations. Also closing is LTC-Global, a litecoin-denominated securities exchange also run by Ethan Burnside, the same operator as BTC-TC.
Closing Process
All trading was temporarily halted and order books were cleared after the announcement was made at 5am EST. After trade is permanently halted on October 7th users will have three weeks to download and store all information before the website closes permanently on October 31. Users that do not liquidate their current holdings will have to work with issuers of their securities to determine what the next course of action will be.
Tip Freedomwat.ch Staff with Bitcoin