Indian crypto exchange restricts cryptocurrency deposits and withdrawals
Over the past month, CoinDCX has been gradually restricting crypto deposits & withdrawals for multiple users, the crypto exchange said
Indian crypto exchange CoinDCX has restricted crypto deposits & withdrawals for multiple users, it said in a blog post this week, citing compliance, risk and monitoring requirements.
Earlier this month, one of the biggest cryptocurrency lending firms Celsius Network paused withdrawals and transfers between accounts due to "extreme market conditions". “We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations," the platform said in a memo on its website, adding that users will continue to accrue rewards during the pause.
Celsius has been struggling to raise funds in a fragile digital-assets market hit by tightening interest rates, liquidity and the collapse of the Terra blockchain last month.
The sector has come under regulatory scrutiny however, particularly in the crypto markets have been under pressure in recent months, falling alongside other so-called risk assets as interest rates have risen around the world.
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