Turkey probes second crypto exchange as market implodes ...Kuwait

The New Arab - News
Turkey probes second crypto exchange as market implodes
Turkish officials have now blocked the account of the Vebitcoin exchange, reportedly detaining its CEO and three other company employees as part of a broader fraud probe.Turkey on Saturday detained the chief of one of the country's biggest cryptocurrency firms after launching a manhunt for the founder of another exchange who fled to Albania.The Turkish crypto boom threatens to go bust quickly as companies fold and President Recep Tayyip Erdogan's government prepares to rein in the unregulated digital currency market.The volume of crypto purchases in the nation of 84 million people rose 10-fold between November and March as Turks sought ways to preserve their savings during a steady drop in t

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