Cryptocurrency exchange Coinbase has temporarily suspended Indian Rupee (INR) withdrawals for users in India due to a technical outage at its banking partner. The disruption has affected users trying to transfer funds from their Coinbase accounts to linked bank accounts.
However, other banking services remain operational. Users can continue making deposits through UPI and linking their bank accounts without interruption.
According to Coinbase, the issue is limited to its banking partner's services and users' funds remain safe. The company is working with its partner to restore INR withdrawal facilities as soon as possible.
The temporary suspension may create inconvenience for Indian users who want to withdraw their cryptocurrency holdings into their bank accounts. However, deposits and bank linking services are currently unaffected.
Coinbase has not announced a confirmed timeline for the restoration of INR withdrawals. Users are advised to monitor official company updates for further developments.
Cryptocurrency exchange Coinbase ne India mein users ke liye INR withdrawals temporarily suspend kar diye hain. Iski wajah company ke banking partner ke end par aaya outage hai. Is issue ke chalte users filhaal apne Coinbase account se linked bank accounts mein money transfer nahi kar pa rahe hain.
However, baaki services normally work kar rahi hain. Users abhi bhi UPI ke through deposits kar sakte hain aur apne bank accounts link kar sakte hain.
Coinbase ke according, issue sirf banking partner ki services se related hai aur users ke funds completely safe hain. Company banking partner ke saath milkar INR withdrawal services ko as soon as possible restore karne par kaam kar rahi hai.
Is temporary suspension ki wajah se un Indian users ko inconvenience ho sakti hai jo apne funds bank accounts mein withdraw karna chahte hain.
Filhaal, Coinbase ne withdrawal services resume hone ki koi confirmed timeline share nahi ki hai. Users ko further updates ke liye company ke official announcements check karne ki advice di gayi hai.