By Marine Strauss
BRUSSELS (Reuters) -The first and only Belgian cryptocurrency lending platform, Bit4You, said it was suspending its activities after CoinLoan, one of its main service providers, was declared insolvent by an Estonian court.
CoinLoan, a crypto lending company based in the Baltic state, also no longer has the required registration as a custodian of virtual currencies, Bit4You said in a statement on its website.
“To date, we have no indication that the virtual currencies held on behalf of our customers with CoinLoan cannot be recovered,” Bit4You added.
As proportions of Bit4You’s customers’ investments, CoinLoan holds around 85.66% of Ripple (XRP) coin, around 81.45% of top cryptocurrency bitcoin and 67.32% of …
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