Find the full article here:
Turkish authorities have detained four people as part of an investigation into Vebitcoin, a cryptocurrency exchange platform, Reuters reported, citing a statement from a local prosecutor on Saturday.
It’s the second crypto platform in a week to face troubles in a country that is banning the use of cryptocurrencies for payments.
The action comes a day after state-run media announced bank accounts associated with the exchange had been frozen and a probe had begun following an announcement on Vebitcoin’s website that says the exchange had stopped all of its activities due to financial strains. The most recent tweet on the exchange’s Twitter feed said payments were delayed because of the strains.
The ban is being enacted at a time when crypto use was soaring as the Turkish lira has faced significant outside selling pressure.