Airtm, a recognized cryptocurrency exchange and wallet provider in Latam, has announced that it will end cryptocurrency trading and custody on its platform. The Company revealed that the change was effective as of January 4, 2023 due to modifications in the services offered by one of its suppliers.
Airtm Halts Cryptocurrency Trading Services
AirtmFreelancers widely use the popular exchange. Latam, has declared that cryptocurrency trading and custody services will be terminated. The The company has over 2 million customers in the region. It communicated in a message to its platform that it will be removing crypto-based services from its wallet. Subscribers won’t be able to withdraw or deposit their cryptocurrency funds.
The The company was blamed for altering the services provided by an undisclosed provider. Local According to sources, this provider is Wyre, a cryptocurrency-based payment company, which recently declared itself to be “shutting down” After conflicting reports that the company was closing its doors, he reported a fresh withdrawal limit.
In In addition, the company stated that funds in crypto are being exchanged. AirusdThe native dollar-pegged stablecoin is being audited by Financial Crimes Enforcement Network (FinCEN). Some clients reported seeing Forex Trades were made in their accounts but funds weren’t available as of January 6.
Bank Deposits Suspended
As Part of a group of “preventive actions” It is making modifications to operations and implementing new procedures. European Banks in the USA Airtm Direct deposits to these banks were temporarily halted, according to reports. This impacted thousands of customers who use this feature routinely.
HoweverHowever, the company didn’t indicate whether these measures were provisional or whether they would include cryptocurrency trading and deposits in the future.
In The past, Airtm Has been active in VenezuelaHe was the primary facilitator of the $300 bonus that the interim government gave to the country’s doctors. This This led to the current government attempting to obstruct access. Airtm site.
In In 2018, the organization also conducted a fundraising campaign for $1 million in airdrops that would benefit more 100,000 people. Venezuelans Register and be identified on the platform
What How do you see the world? Airtm Stop cryptocurrency trading and limit banking Tell Leave a comment in the section below.
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