In the light of recent deliberation around the provisions of The Foreign Exchange Management Act (FEMA) and all other applicable laws, CoinSwitch Kuber is temporarily disabling the ‘Crypto Withdrawal’ option on our trading app keeping in mind the best interest of our users.
- Only the CRYPTO WITHDRAW option is temporarily disabled.
- All other options – BUY, SELL, DEPOSIT, and INR WITHDRAW – will function normally.
- The next update will be communicated soon.
CoinSwitch Kuber is striving hard to secure the interests of all our users. Our intention is to bring in more transparency that will benefit our users and the larger crypto ecosystem. The two-week window will allow us to put in place strong measures that will ensure user protection without bringing any law of the land into question.
We thank you for trusting us and will continue to serve you at our best.
Thanks for your support!