Token Swap Feature Suspension for Singaporean Users

News
First published
February 4, 2022
Last updated
February 4, 2022

It is with a heavy heart that Hodlnaut will be suspending its token swap feature for all Singapore users on 18 June 2021 until further notice. This temporary deactivation will affect all existing and new Singapore users on our platform until further notice. In the meantime, you can head to your Hodlnaut account to download your token swap transaction history. 

This decision has been made in light of the Monetary Authority of Singapore’s requirement for us to obtain its approval for any new features that we support. Given that token swap is a new feature, in order to comply with regulatory requirements, we have made the decision to suspend the feature for our Singapore users until further notice. Please refer to our updated terms and conditions and privacy policy for more information.

We assure you that we’re still in the running for obtaining our license in Singapore, and we will update our valued users in due course as our application review process progresses. We’re working hard with our regulators, the Monetary Authority of Singapore, to deliver the highest quality of products and services, while being in full compliance with the law, as we build a trustable business for our users. Should you have any concerns, please do not hesitate to contact us at support@hodlnaut.com.

Thank you to all our faithful HODLers for your continued support. 

Sincerely, 

Team Hodlnaut

Disclaimer: By using Hodlnaut, users expressly acknowledge and agree to the Terms of Use listed on our website at www.hodlnaut.com. This includes the relevant risk warnings applicable to you as a user of Hodlnaut's services, prior to/when carrying out Digital Payment Token (DPT) transactions. This article is for informational purposes only, and is not an offer nor a solicitation to invest in DPT, securities, funds, partnership interests or other investments or funding or purchasing loans. It is the user's sole responsibility to conduct due diligence and research extensively into each DPT and platform, and understand that the volatility and unpredictability of the price of DPT may result in significant loss over a short period of time. No information on Hodlnaut should be considered to be business, legal, financial or tax advice regarding the use of Hodlnaut. Users should consult their own legal, financial, tax or other professional advisors before using Hodlnaut. Please refer to our website at https://www.hodlnaut.com/tos for the full Terms of Use.

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