Cryptos' Deposit And Withdrawal Functions Disabled Until Regulations: Exchange
NDTV
Cryptocurrency exchanges are in talks with the government for working out regulations on the daily deposit and withdrawal activities of investors
Cryptocurrency exchanges are in talks with the government for working out regulations on the daily deposit and withdrawal activities of investors. Hey Harkirat, we completely understand where you come from. However, the crypto deposit/withdrawal function will remain disabled until we bring in the regulation, as we are already in talks with regulators and policymakers.
CoinSwitch, one of the top digital assets exchanges in the country, has said its cryptocurrencies' deposit and withdrawal functions will remain disabled until regulations are put into place.
The exchange said this after a few investors complained on Twitter about not being able to access their accounts for the past few weeks.
In response to complaints, CoinSwitch tweeted, saying, "the crypto deposit/withdrawal function will remain disabled until we bring in the regulation, as we are already in talks with regulators and policymakers."
