India-based crypto exchange WazirX has temporarily suspended Indian Rupee (INR) withdrawals from its trading platform. The exchange has reportedly partnered with an alternate payment service provider, and a “phased rollout” is already underway.Customers of the largest Indian crypto exchange by volume have not been able to withdraw INR for over 24 hours. According to the withdrawal page on WazirX’s trading platform, the pause is due to maintenance at their payment partner bank. The crypto exchange has refused to provide an ETA on the resumption of INR withdrawals on the platform.WazirX’s official X (formerly Twitter) is currently crowded with disgruntled customers who are demanding access to their funds on the platform. The crypto exchange informed customers that the alternate payment service provider had enabled an initial rollout of 10%. The P2P option is still available for customers who wish to sell their crypto assets to other users on the crypto exchange.WazirX’s native token, WRX, had a visible decline in its price. WRX’s trading volume has skyrocketed more than 565% to $4.2 million over the past 24 hours. At the time of writing, the crypto exchange had a spot trading volume of $782,000.In a statement to EWN, WazirX said it will try to roll out the INR withdrawal options for all customers within a couple of days. The exchange urged customers to be patient. Earlier this month, India’s Enforcement Directorate issued a show cause notice to the crypto exchange’s operator in India, Zanmai Labs Pvt Ltd, in connection with a $32.7 million money laundering scheme.

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Information	Details
Geography	Asia
Countries	🇮🇳
Sentiment	negative
Relevance Score	9
People
Companies	WazirX, Foreign Exchange Management Act, Zanmai Labs Pvt Ltd, Enforcement Directorate
Currencies	indian rupee (inr), ethereum (eth), bitcoin (btc), wazirx token (wrx)
Securities