The cryptocurrency exchange Garantex has announced a postponement of its decision regarding the disposal of BTC and ETH assets, originally scheduled for this month. This decision is due to ongoing sanctions and frozen assets.
Sanctions and Frozen Assets
Garantex has recently postponed its BTC and ETH asset disposal procedures to next month. This decision comes in light of ongoing sanctions that have frozen over $28 million in assets, also affecting other holdings and leading to operational delays.
Liquidity Issues and Withdrawals
User concerns are mounting regarding liquidity issues that significantly impede withdrawals. No official statements from the exchange leadership have been released so far, and users are awaiting updates via Telegram.
Regulatory Pressures on Crypto Exchanges
Garantex's challenges resonate with those experienced by other exchanges that have faced regulatory sanctions, raising concerns about users' access to their funds. The situation reflects broader trends in the cryptocurrency sector, where regulatory scrutiny is tightening.
The delayed decision by Garantex regarding BTC and ETH assets highlights the challenges faced by crypto exchanges amid regulatory pressure and sanctions. These issues are expected to continue impacting the market.
