Turkey, Economy

Turkey blocks bank accounts of Vebitcoin

Financial crimes watchdog initiates investigation into cryptocurrency platform after latter announces to stop transactions

Tuba Sahin   | 23.04.2021
Turkey blocks bank accounts of Vebitcoin

ANKARA

Turkish financial crimes watchdog on late Friday blocked all bank accounts of cryptocurrency exchange platform Vebitcoin in the country.

The move came after Vebitcoin announced that it stopped all of its activities citing financial strains.

The Financial Crimes Investigation Board (MASAK) also initiated an investigation into Vebitcoin and its managers.

On Thursday, an investigation into another cryptocurrency platform, Thodex, was launched and 62 suspects were arrested as part of it.

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