This has been the funniest not your key not your coin story I have ever heard. It is about an Indian exchange Mudrex that stopped crypto withdrawal and told people that withdrawal will resume on the 28th of January. That is 2 weeks and 3 days before their customers can be able to withdraw their money. That will also be if nothing has happened to the exchange.
But someone told people should convert their coins to Indian rupee and withdraw Indian rupee. I do not know if Indians that are using the exchange will be able to withdraw to fiat.
https://cointelegraph.com/news/indian-crypto-exchange-mudrex-halts-crypto-withdrawalsThere is something that the management of the exchange is not telling its customers. If they wanted to comply with some regulatory laws, they would have informed their clients before now. A one or two-week grace period should have been given to customers to withdraw their funds if they wanted to do that before it stopped withdrawals. This impromptu stoping of withdraws indicates that something is wrong with the exchange. It is either they don't have enough funds to keep running or they are going bankrupt.
We have to wait for the expiration of the deadline before concluding what has happened. This is a reminder that we shouldn't put huge funds in any centralized platform. But some people like learning the hard way.