Amid mounting complaints, cryptocurrency expert Adam Cochran suggested in a post that Coinbase imposes these types of restrictions in multiple situations. First, if the exchange detects a potential account breach that could indicate a breach, it will impose restrictions to protect user funds. But it could also happen when a potential Know Your Customer (KYC) and Anti-Money Laundering (AML) violation is observed.

He notes that while these measures may seem inconvenient, legitimate accounts typically resolve these issues without difficulty. The expert highlighted that extended lockouts often occur when users repeatedly interact with tokenized addresses on the blockchain.

Cochran reported that such issues can also arise when users make purchases using a credit card with a long redemption period. They may face withdrawal restrictions if they do not have a consistent history of purchasing with that card on Coinbase.

Another case is where accounts that have initiated previous redemptions may face withdrawal reductions on new credit card purchases until the settlement date passes.

He added that one of the challenges surrounding KYC/AML policies is the inability to disclose the specific reasons for account restrictions in certain jurisdictions. This lack of transparency can frustrate users.

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