Airtm hires cryptocurrency trade and exchanges all funds for native stablecoin - exchanges
Airtm hires cryptocurrency trade and exchanges all funds for native stablecoin - exchanges
Airtm, a popular cryptocurrency exchange and wallet in Latam, has announced that it is trading and custody on its platform. The company stated that from January 4, 2023, all deposits and withdrawals in cryptocurrency would be exposed to one of its providers due to the changes in the range of services.
Airtm removes trade options for cryptocurrencies
Airtm, a popular stock exchange used by freelancers in Latam, has announced that it is trading with cryptocurrencies and the custody services. The company, which has more than 2 million customers in the region, announced in a message on its platform that it hires cryptocurrency -based services in its wallet so that customers can no longer pay or withdraw their cryptocurrency funds on the stock exchange.
The measure was allegedly taken by the company due to the change in the services offered by an unidentified provider. Local sources This provider is Wyre, a company for cryptocurrency was founded es specified "Reduced" and announced a new limit for withdrawals after contradictory reports indicated that the company would hire its business.
In addition, the company further explained that available funds in crypto are converted into Airusd, its local stablecoin bound to the dollar, which was allegedly checked by the Financial Crimes Enforcement Network (fincen). Some users reported that they had seen the exchange operations on their accounts, but their funds were still not available until January 6th.
bank deposits paused
as part of a number of "preventive measures" that the company carries out, it also makes changes to the supported operations in European and US banks. AirTM announced that direct deposits were exposed to these banks until further notice, which concerns thousands of freelance customers who often use this function
However, the company did not indicate whether these measures were temporary or whether they will again include the trade in cryptocurrencies and bank deposits in the future.
In the past, Airtm was very active in Venezuela because it was the main broker for the delivery of a $ 300 bond that was from the now died temporary government to the medical personnel in the country. This prompted the current government to try Block On the Airtm.
Also 2018 the organization started an airdrop of 1 million US dollar,, the more than 100,000 Venezuelans registered on the platform would benefit.
What do you think that Airtm hires the trade in cryptocurrencies and restricts banking operations? Tell us in the comment area below.
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