Coinbase-backed Mara paused wallet service since November citing UK regulations
TechCabal | Ngozi Chukwu - Feb 19, 2024
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  • Mara Wallet has been inaccessible since November 2023 due to regulatory changes in the UK.
  • Users were asked to move their deposits to traditional bank accounts, but no timeline was provided.
  • Many users have been unable to withdraw their referral earnings in Mara tokens.
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The inaccessibility of Mara Wallet and the inability of users to withdraw their referral earnings in Mara tokens raise concerns about the company's handling of regulatory changes and customer support. The lack of transparency regarding the timeline for resolving the issue adds to the frustration. The shutdown of Mara Academy and layoffs also indicate potential challenges within the company.
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