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-withdrawalsCentralized exchanges is very bad but sometimes they have advantages especially if they are supporting p2p transactions where some users will convert their crypto to their local currency direct.
I always recommend using reputable and globally known centralized exchanges to avoid such things because even if it happens it might be minimal and might have solution since the owners are well known, the government can fight for their customers, but that’s also not certain because these exchanges can be dramatic sometimes.
I will advice us to always use exchanges for their purposes which is just for trading both spot and future trading, we should always send our money out to our personal wallets once we are done trading or marketing in the centralized exchange because apart from our assets that are not safe, our details we submitted during kyc is also not safe with them.