BUSINESS

Bitcoin firm in Cyprus vanishes after halting operations

The boss of a Bitcoin company in Cyprus has fled abroad days after it suddenly stopped operations, in a blow to the virtual currency’s once-vaunted prospects on the island.

Privately owned television channel Sigma TV said late on Thursday that it had repeatedly tried to contact Neo & Bee CEO Danny Brewster, but to no avail.

The firm launched a huge advertising campaign earlier this year but halted operations late last month before its software to carry out transactions had even gone live.

[AFP]

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