Hi Bittimers,
According to a report from Paxos , the company that issues and issues BUSD Tokens, has received an order from the New York Department of Financial Services to stop creating BUSD tokens.
This raises concerns regarding investor protection and regulation in the crypto asset sector .
In response to this situation, Bittime decided to delist BUSD/IDR on Friday, 08 December 2023 at 18.00 WIB. We urge Bittimers who own BUSD tokens to pay attention to the following:
-
Make BUSD Withdrawals until Friday 08 December 2023 at 18:00 WIB;
-
Selling BUSD Tokens on the BUSD/IDR market before Friday, 08 December 2023 at 18:00 WIB;
- For users who cannot sell & withdraw BUSD tokens because they have a small BUSD balance, your BUSD balance will be converted into a USDT balance with a ratio of 1:1
-
BUSD tokens cannot be sold or sent to other wallets after Friday, 08 December 2023 at 18:00 WIB.
If Bittimers have any questions, please contact us via support@bittime.com or our Telegram @BittimeOfficial
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DISCLAIMER : This article is informational in nature and is not advice, recommendation, offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time. Bittime is not responsible for changes in exchange rates or crypto asset prices.
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