Australian cryptocurrency exchange Swyftx will close its Earn program on January 10

ChainCatcher news, Australian cryptocurrency exchange Swyftx announced that due to the lack of clarity in cryptocurrency product regulation, it has decided to close its Earn program starting from January 10, and all users' Earn balances will be returned to their original trading wallets. In addition, Swyftx stated that it will consider reopening the program once regulatory rules are clarified.

Previous report, last December, Swyftx announced a 40% workforce reduction due to the collapse of FTX. (Source link)