BTC-e Reopening

A forum account affiliated with cryptocurrency exchange BTC-e outlined three phases to follow before the platform’s relaunch.

According to the new update, the long-defunct BTC-e will go through three stages will be launched in a few weeks.

In the first stage, user information will be transferred to a still unknown company in accordance with European guidelines on personal data and European legislation in this field.. This phase is expected to be completed by September 15.

From now on, an anonymous financial investment company mentioned in past publications will restructure the digital assets exchange and transfer user data as a key part of its reboot. will start accounting. In the final stage, the investment company will audit and record personal data in accordance with AML laws and KYC identification procedures. You will be given the opportunity to check the integrity of the balance and users will be able to securely make changes to their accounts.. Chat will be an available option to get support. For these purposes, the service will be restarted with the old domain name. You will also be able to log in and check your balance.”

As we reported earlier, BTC-e was shut down by US authorities earlier this summer.. A Russian citizen was arrested on July 26 and later that day was fined $110 million for money laundering, along with a 21-point indictment against the exchange.

However, the exchange entered the Bitcoin Talk forum just days after the shutdown. representatives promised that the service would be reinstated and that users who lost money would be refunded.. According to what was revealed later, part of the plan covers Blockchain-based token accounts.

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