Date: 2023-06-09T16:24:57Z Creator: Bitfolio Academy
Devastating news: Binance.US will no longer be offering US Dollar trading pairs! After relentless pressure from the SEC, Binance.US is transitioning to a crypto-only exchange and has been forced to suspend US Dollar deposits via ACH and wire transfers. USD customer withdrawals to their bank accounts will be suspended on Tuesday, June 13.
This is a huge blow to the digital asset industry in the US. Binance.US is the 3rd largest crypto exchange, followed only by Coinbase and Kraken. On Tuesday, the SEC asked a federal court to freeze Binance.US’s assets. So, Binance.US was forced to become a crypto-only exchange.
Oppressive government regulation has dramatically limited US access to digital assets. This is a sad day for free enterprise in America.
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