the president of Tesla, Elon Musk, reprimanded the chief executive of the stock exchange this Tuesday cryptocurrencies Binance, Changpeng Zhao, through his Twitter, after the platform has limited withdrawals in the dogecoin digital currency.
The cryptocurrency market has seen big fluctuations this year, many in reaction to Musk’s tweets. The executive’s comments on the dogecoin, for example, generated a dizzying rise in 2021 in assets.
“Hey @cz_binance, what’s going on with your doge customers? It looks dodgy,” Musk wrote on Twitter to the president of Binance on Tuesday.
Binance said it is completely rebuilding its dogecoin wallet, resulting in delays in withdrawals — which could continue for another week.
The company is one of the world’s largest cryptocurrency exchanges by volume and is under regulatory oversight, according to media reports.
Cryptocurrencies have drawn the ire of regulators around the world, but they have still appreciated to record highs, as investors chased profits amid wild price swings.
Global regulators fear that the increase in coins Privately operated ones can undermine control of the financial and monetary systems, increase systemic risks, promote financial crime, and harm investors.
Source From: Moneytimes
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