Australian Crypto Exchange Swyftx Will Close Its Crypto Interest Product

Australian crypto exchange Swyftx will close its crypto interest product tomorrow because of the country's "changing regulatory situation" on crypto products. Since January 10, Swyftx will stop operating the Earn program, and all users' Earn balances will be returned to the their wallet.

Swyftx said that although this decision may disappoint users, they are committed to doing the best for the plan in the short term. "Although we believe in the value and potential of crypto, what we need now is to wait for the regulation of crypto products to become clearer. “