Binance suspends operations with dollars in the US

by time news

2023-06-13 08:00:49

The American division of Binancethe largest cryptocurrency platform in the world, will stop accepting operations with dollars after the country’s banks have informed it that they will no longer support it.

The move, announced by Binance late on Thursday, comes after the United States Securities and Exchange Commission (SEC, in English) will sue the company this week for violating a whole series of regulations and ask a judge to freeze its assets in the country.

Thus, the US division of Binance will no longer accept dollars for the purchase of cryptocurrencies and recommends its users to withdraw the dollars they have deposited on the platform before June 13, warning that delays may be seen in these processes. .

As the company explained through Twitter, the banks have informed it that they are preparing to paralyze the dollar withdrawal channels from Binance as of that date.

In its statement, Binance blamed the entire situation on the SEC, which it accused of launching an “ideological campaign against the digital asset industry” and of using “extremely aggressive and intimidation tactics.”

“While we remain open to a productive engagement that enables a thriving digital asset market in the United States, Binance.US will continue to defend itself and our clients and the industry against baseless SEC attacks,” the company noted.

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