Imposing economic sanctions on Russia, Pakistan had refused to pay its loans. Coinswitch Kuber is now following the suit and has now refused its users to withdraw their crypto.
Reportedly, the Modi government has not passed any such rules to hold back retail investor’s crypto in any format, other than a 30% tax. While a majority of Indian crypto exchanges are allowing the withdrawals, Coinswitch Kuber has restricted the withdrawal, making the Crypto investors pretty furious.
Coinswitch has disabled the withdrawal function from its platform to console flocks of furious Twitter users and digital asset investors pan India.
The official Twitter of CoinSwitch told The Fauxy “We have currently stopped the withdrawal as most of the withdrawal cases are of switching to other exchanges and this is the only way to hold these crypto investors. Until customers start making loss in crypto the crypto withdrawal function will remain disabled on the CoinSwitch Kuber platform. We request your patience in this”
CEO of Coinswitch, Ashish Singhal said that he’s happy with his decision of disabling the withdrawal function as it’s bringing creativity in investors who are now making funny memes to put their views. “The memes are hilarious” tweeted Ashish Singhal.
When users go to withdraw the amount, coinswitch Kuber be like #coinswitchkadoglapan pic.twitter.com/OysZjtBU2K
— Ashish Yadav (@Ash_talks95) March 23, 2022
https://twitter.com/Manju17064815/status/1506593138701668362
https://twitter.com/im_Rocky5567/status/1506591345502470149
https://twitter.com/Kanika122k/status/1506610172218642440
https://twitter.com/theMinskashi/status/1506591461621477380
https://twitter.com/RadhikaRedy/status/1506590972733403142
https://twitter.com/AmitMis88231181/status/1506589825339920387
https://twitter.com/iNishaRaj/status/1506591785853730818
