{"id":20317,"date":"2023-04-27T16:02:30","date_gmt":"2023-04-27T16:02:30","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/belgiums-first-and-only-crypto-lender-suspends-activities\/"},"modified":"2023-04-27T16:02:30","modified_gmt":"2023-04-27T16:02:30","slug":"belgiums-first-and-only-crypto-lender-suspends-activities","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/belgiums-first-and-only-crypto-lender-suspends-activities\/","title":{"rendered":"Belgium&#8217;s first and only crypto lender suspends activities"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682607951552-1f3c7521-e1fb-449f-9381-27533f8482da-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682607951552-1f3c7521-e1fb-449f-9381-27533f8482da-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682607951552-1f3c7521-e1fb-449f-9381-27533f8482da-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1682607951552-1f3c7521-e1fb-449f-9381-27533f8482da-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Bit4You is Belgium\u2019s first and only crypto asset lending platform.<\/li>\n<li dir=\"ltr\">The platform says one of its main crypto asset custodian, CoinLOan, had been declared insolvent.<\/li>\n<li dir=\"ltr\">The insolvency court order against CoinLoan was reportedly issued on Monday, 24 April, 2023 in Estonia.<\/li>\n<\/ul>\n<p dir=\"ltr\">In <a href=\"https:\/\/coinjournal.net\/news\/\">cryptocurrency news<\/a> today, Bit4You, the first Belgium-based cryptocurrency lending platform,has announced its suspending its activities.<\/p>\n<p dir=\"ltr\">The crypto assets exchange made the announcement in a <a href=\"https:\/\/bit4you.medium.com\/suspention-des-activit%C3%A9s-7376a2fe90da\" rel=\"noopener noreferrer\" target=\"_blank\">notice<\/a> to clients and the community late Wednesday. According to the platform, the decision to halt operations came after it had learned that CoinLoan, its main provider, no longer had the required registration to operate as a virtual currency provider in Estonia.<\/p>\n<p dir=\"ltr\">As<a href=\"https:\/\/www.reuters.com\/technology\/first-belgian-cryptocurrency-platform-suspends-its-activities-2023-04-27\/\" rel=\"noopener noreferrer\" target=\"_blank\"> <u>reported<\/u><\/a> by Reuters on Thursday, an Estonian court declared CoinLoan insolvent on Monday, 24 April, 2023<\/p>\n<p dir=\"ltr\">Bit4You says its immediate suspension of activities is one of several steps it is taking as it tries to understand the whole situation.\u00a0<\/p>\n<p dir=\"ltr\">However, the crypto lender says it has no reason to believe that the cryptocurrencies the custody provider held on behalf of its customers cannot be recovered.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/belgian-crypto-lender-bit4you-suspends-its-activities\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bit4You is Belgium\u2019s first and only crypto asset lending platform. The platform says one of its main crypto asset custodian, CoinLOan, had been declared insolvent. The insolvency court order against CoinLoan was reportedly issued on Monday, 24 April, 2023 in Estonia. In cryptocurrency [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":20318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20317"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=20317"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/20318"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=20317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=20317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=20317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}