Crypto platform is forced to reconstruction

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The announcement comes a month after the company stopped payments from the platform. Celsius is now one of several players in the industry that has been forced to either reorganize or decide on restrictions regarding withdrawals for its customers.

Cryptocurrencies have been one of the big losers during the year when more and more central banks raised policy rates to curb inflation, for example, bitcoin has lost 50 percent of its value since the turn of the year and a bitcoin now costs just over SEK 200,000.

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