I have been in the crypto space for a while but this is the first time I am hearing about
Mudrex Exchange which is in operation since 2018 and it's run by Bangalore based Fintech company when I was lurking around reddit and there are a lot of people complained about not able to withdraw their crypto as well as INR from their exchange's wallet.
I want this thread to warn Indian crypto community not to use that exchange if anyone has been using it and for the matter not any Indian based exchange since all of them kind of restrict their users when it comes to withdrawal of crypto to our wallet or delayed withdrawals of INR to our bank accounts.
That's why I always avoid Indian exchanges. The only "somewhat reputed" exchange was Wazirx. But after the hacking incident, they have gone into incognito mode. So right now, there's not a single exchanges available in India which can trusted with our cryptos.
Also government is least bothered about fixing this status quo as they anyways want to drive out cryptocurrency from India. Better hold your horses for now.