The fate of the assets of Binance.US, the US subsidiary of Binance, the world’s largest cryptocurrency exchange, has been announced.
U.S. Securities and Exchange Commission’s (SEC) Located on Binance.US Freezing of client funds provided for the request by agreement got resolved. According to the agreement made within the scope of mediation, funds and wallet keys as soon as possible relocation within the US and this to be kept within the limits It was decided.
One of the notable aspects of the agreement is that the SEC Binance.US And to break the ties between Binance global detailed request. While Binance.US accepts these terms, Binance Global personnel do not US user wallets and services He was promised that he would not interfere.
Although an inter-institutional agreement has been reached, this step to make it official will require the signature of the federal judge handling the case.
SEC’s request for an asset freeze, documents important to the case. out of concern about its destruction and where user assets can be moved overseas It was due to suspicion. However, a possible asset freeze death warrant for the stock market Legislators, who stated that there will be mediation had invited him to his trial.
According to other provisions of the terms of the agreement, Binance.US, New cryptocurrency wallets out of reach of Binance global employees and tell the SEC how things are going. an accelerated discovery program will present. Also, the US-based crypto trading platform is about operating expenses, including estimated costs, in the coming weeks. detailed information will share.
Binance.US users are in the process. to withdrawals can continue without any problems.