Big Shock to Crypto Buyers: Cash Withdrawals from 5 Exchanges Halted

Banking access for five crypto exchanges will be restricted starting today.

Ambassador Arjan: The banking access of five cryptocurrency exchanges will be limited from today.

From 16:00 today, Monday, October 20, access to 5 cryptocurrency exchange platforms will be limited to banking services and offline withdrawals, and users of these platforms will not be able to deposit and withdraw money. According to the received information, the decision for this action was taken in a committee at the National Center of Cyberspace and the Central Bank has sent a letter to the banks and announced its implementation. Before this, the news of the disruption of several cryptocurrency exchanges in the currency market and the decision of the Central Bank to unilaterally block the bank accounts of these exchanges was published.

Be sure to read below: video report of the specialized meeting of the second national event of the Central Bank's cryptocurrency shock to digital currency investors

However, the cryptocurrency exchange Nobitex has said that this restriction is applied due to the insistence of these exchanges on protecting the privacy of users and refraining from providing their information. This limit will be three days, however, there is a possibility of its extension. Nobitex, Remzinx, Bitpin, Erzinja and Tetherland exchanges are the 5 platforms for which the restriction is implemented.