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Binance.US Stops Direct Dollar Withdrawals amid Regulatory Pressure

Binance.US Stops Direct Dollar Withdrawals amid Regulatory Pressure
Binance.US has halted direct US dollar withdrawals from its platform. This change follows a series of regulatory actions by the US Securities and Exchange Commission (SEC). As a result, Binance.US' users are now required to convert their US dollar holdings into stablecoins or other digital assets for withdrawal.This decision was revealed in the exchange's updated terms of use, which took effect yesterday (Monday). Previously, US dollar deposits in Binance.US user wallets were protected by FDIC i... Read More
Posted: Oct 17 2023, 16:03
Author Name: financemagnates
Views: 082450

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