Sandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She does not own any crypto.
"In the event that customers wish to withdraw U.S. dollar funds from their account, they may do so by converting U.S. dollar funds to stablecoin or other digital assets, which can subsequently be withdrawn," the email said., saying the U.S. Securities and Exchange Commission's "extremely aggressive and intimidating tactics" against the crypto industry had left banking partners reluctant to engage with the sector.
In the same message, Binance.US warned customers that its banking partners were preparing to pause dollar withdrawals as early as June 13., the firm's international arm Binance and its founder Changpeng"CZ" Zhao, on June 5 for allegedly operating unregistered securities platforms. The SEC has since questioned the company'
Monday's terms of use update also said U.S. dollar funds in Binance.US wallets are no longer protected by deposit insurance provided by the Federal Deposit Insurance Corporation . The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance halts onboarding of new UK usersOnboarding will be halted immediately.
Read more »
Binance halts accepting new customers in UK amid FCA row with financial promoterBinance has had a tough year when it comes to dealing with regulatory hurdles across the globe. The latest comes in the form of a UK regulatory hurdle
Read more »
Binance Burns Over $450 Million Worth of BNB in 25th Quarterly BurnCrypto Blog
Read more »
Binance to temporarily stop accepting new UK users after FCA restrictionBinance will stop accepting new UK customers from today while it seeks a new financial promotions approver in the country.
Read more »
Digital Sanctions: Israel Disables Over 100 Binance Accounts Potentially Linked to HamasCrypto Blog
Read more »
Israel Freezes 100 Binance Accounts Over Suspected Hamas Links: FTSandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She does not own any crypto.
Read more »