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Why crypto lender Celsius needs more time before it can resume business as usual

In the blog post, Celsius said: ‘We plan to continue working with regulators and officials regarding this pause and our company’s determination to find a resolution’

Celsius Network, the crypto lender that suspended customer withdrawals last week following the wide selloff in digital assets, warns it needs more time before it can return to business as usual.

In a 20 June blog post, the group wrote: "It has been one week since we paused withdrawals, Swap, and transfers. We want our community to know that our objective continues to be stabilising our liquidity and operations. This process will take time."

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