Overview
- Financial regulators ordered every domestic exchange to use one withdrawal‑delay system that removes platform‑by‑platform discretion for fast releases.
- Exchanges must apply the same exception checks that look at account history, transaction patterns, and sudden behavior changes, with officials expecting under 1% of users to qualify for instant withdrawals.
- Platforms are required to tighten identity verification and track fund flows more closely, with extra scrutiny on any account granted faster access.
- The policy targets voice‑phishing schemes that coach victims to turn cash into crypto and send it out within minutes, so short holds create time to flag or halt suspicious transfers.
- The announcement builds on new operational controls that require near‑real‑time asset reconciliations, and CoinDesk reports regulators did not specify a compliance timeline for the withdrawal holds.