-
Binance.US goes crypto-only after banking partners will no longer process USD
Binance.US, the American arm of the world’s largest crypto exchange, will no longer process U.S. currency, the company announced Friday. On Monday, the U.S. Securities and Exchange Commission (SEC) filed a 13-charge lawsuit against Binance and its CEO, Changpeng Zhao (CZ) accusing them of operating an illegal securities trading platform in the U.S. and misusing customer funds. The following day, a United States District of Columbia court granted the SEC’s request for an emergency restraining order to freeze the assets of Binance.US. As a result of the freeze, Binance.US can no longer continue to process U.S. ... (full story)