Cryptocurrencies, the 34 thousand Italian customers of Rock trading who tremble for bitcoins – Corriere.it

Cryptocurrencies, the 34 thousand Italian customers of Rock trading who tremble for bitcoins - Corriere.it

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The change of bank

The answers provided by The Rock Trading, however, did not convince the lawyers of the Biella Institute, which thus chose to proceed in a consensual manner with the closure of the Trt support account, however leaving some time for the company to announce the exchange. Announcement that arrived on February 8 and that should have made those who had already had problems in managing their investments stand up. The change of bank (from Banca Sella to an Irish institution), on the other hand, was interpreted by users as a simple technical impediment to withdrawals and transfers. But the press release of the interruption of activities, which arrived later, tells a completely different story. Reached by telephone, the CFO and co-founder Medri limited himself to confirming the in-depth checks during construction: we will give official communications as soon as possible, he said.

User fears

Meanwhile, anxiety is growing on Telegram chats, and among users there are those who put forward the hypothesis, complete with screenshots from the business register, of a request made by the company on February 17 (the same date on which it announced the interruption of operations), change to a consortium company, European Economic Interest Grouping (EEIG). But with what implications? The Geie is formed when two or more European companies decide to team up – explains Massimo Di Terlizzi, co-managing partner of Pirola Pennuto Zei & Associati -. A union that was born not to produce profit for the interest group, but to develop economic activity in favor of its members. The goal is to create synergies and increase results for each company.

What is going on

The most probable hypothesis, therefore, is that The Rock Trading has decided to form a consortium with another company (or more companies) based in another European country to have a single shared trading platform to then put at the service of respective customers. But that’s just speculation for now. Certainly, the fact that last Friday’s note speaks of interruption and not of momentary interruption does not bode well. But the good thing is that the CFO and co-founder of Trt has not disappeared. He answered the question, and this leaves a glimmer of light.

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