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
Wow @CoinSwitchKuber restricting the transactions while the other exchanges are allowing it. #CoinSwitchKaDoglapan pic.twitter.com/J3QtSl5geC
— Manju (@Manju__th) March 23, 2022
https://twitter.com/im_Rocky5567/status/1506591345502470149
I wanted to repay some debts to my uncle through @Polkadot but these @CoinSwitchKuber fools did not allow the transfer and now I am not able to lift off the debt from my head. #CoinSwitchKaDoglapan pic.twitter.com/Qm4lik8XIS
— kanika3 (@Kanika12j) March 23, 2022
@CoinSwitchKuber Your exchange is a jerk. Why is it restricting the transactions while the other exchanges #CoinSwitchKaDoglapan pic.twitter.com/N0rBFNeUcl
— Minakshi Sharma (@theMinskashi) March 23, 2022
@CoinSwitchKuber, start the coin withdrawal now and let us redeem our coins.this really good apart #CoinSwitchKaDoglapan pic.twitter.com/mXMfUCnVnA
— Radhika Reddy🇮🇳 (@RadhikaRedy) March 23, 2022
This is not done @CoinSwitchKuber, You cannot do this to us we are not able to withdraw the coins since January @CryptoPointHi Please help us raise our voice #CoinSwitchKaDoglapan https://t.co/4l7Am3fu7G
— Amit Mishra (@AmitMis88231181) March 23, 2022
https://twitter.com/iNishaRaj/status/1506591785853730818
