Airtm, which has more than 2 million customers in the region, disclosed in a message on its platform that they were retiring cryptocurrency-based services from its wallet.
it is “scaling back” and announced a new limit for withdrawals after conflicting reports indicated the firm was winding down its operations.
In addition to this, the company further stated that available funds in crypto are being converted to Airusd, its dollar-pegged native stablecoin, claimed to be audited by the Financial Crimes Enforcement Network . Some users reported having seen the exchange operations in their accounts, but their funds were still unavailable by Jan. 6.As part of a set of “preventive actions” exerted by the company, it is also making changes to the supported operations in European and U.S.-based banks.
However, the company did not indicate whether these measures were temporary or if it will include cryptocurrency trading and bank deposits again in the future. In the past, Airtm was very active in Venezuela, having been the main facilitator for the delivery of a $300 bond given by the
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