Binance.US Halts Direct Dollar Withdrawals
Binance.US, in response to increasing regulatory scrutiny and operational difficulties, adjusts operations and stops USD withdrawals. Major cryptocurrency exchange, Binance.US has started making important changes to its financial operations in the US. The platform stopped all direct US dollar withdrawals this week. Customers must now convert US dollars into stablecoins or other digital assets before […]
Binance.US Unveils New Token Policy
Sui coin is presently being evaluated as part of Binance.US’s transparent pre-announcement process for future asset listings. The top cryptocurrency exchange, Binance.US is launching a fresh method for choosing which digital assets to include on its trading platform. The platform has started pre-announcing some of the coins it is considering for listing. This move aims […]
U.S. SEC Alleges Binance.US in $250M Suspicious Fund Transfers
The U.S. Securities and Exchange Commission (SEC) has expressed concerns about Binance’s questionable fund transfers, according to court records. In publicly released court documents , the SEC reported that on June 6, Binance CEO Changpeng Zhao withdrew $250 million from Binance.US Subsidiary BAM Management and subsequently transferred this sum to BAM Trading, the entity behind […]
U.S. Judge Disputes SEC Access To Binance.US Software
The SEC lost its lawsuit against Binance.US, the cryptocurrency trading platform. U.S. Magistrate Judge Zia Faruqui denied the SEC’s request for quick access to Binance.US’s software . Since June, the SEC has been pursuing a case against Binance.US, its international counterpart Binance Holdings Ltd., and CEO Changpeng Zhao. Throughout this period, the regulator has encountered […]
Binance.US Responds to SEC’s Filing Calling it ‘Unreasonable’
Binance exchange.US has responded to the United States Securities and Exchange Commission‘s (SEC) motion to compel and reply, labeling the majority of the SEC’s requests “unreasonable” and “unduly burdensome.” Attorneys for BAM Trading Services, which administers the Binance.US cryptocurrency exchange, submitted sealed opposition documents to the U.S. SEC on September 12, requesting additional information from […]