August 9, 2022 04:07 pm
Original Link: https://www.theverge.com/2022/8/9/23298057/cryptocurrency-lender-hodlnaut-freezes-withdrawals
Crypto lender Hodlnaut follows other firms in freezing withdrawals
Cryptocurrency lender Hodlnaut is the latest firm to succumb to tumultuous market conditions and halt withdrawals (via Coindesk). In a post on its website, the Singapore-based company announced that it’s freezing withdrawals, token swaps, and deposits due to an uncertain economy that some say triggered a “crypto winter.”
Hodlnaut is also rescinding its application to the Monetary Authority of Singapore (MAS) for a regulatory license that would allow the company to offer digital payment token services in the city-state. As pointed out by Coindesk, the firm already received in-principle approval for the license in March, and its withdrawal means it can no longer offer token swaps. Hodlnaut says it’s also suspending its borrowing and...
Original Link: https://www.theverge.com/2022/8/9/23298057/cryptocurrency-lender-hodlnaut-freezes-withdrawals
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