Binance.US Stops Depositing Dollars!

Binance.US, the US subsidiary of Binance, announced that it has recently stopped depositing dollars, stating that bank partners have been challenged by the SEC.

US Securities and Exchange Commission (SEC) on Binance the case brought by The repercussions still persist. Binance.US posted on its official Twitter account on June 9th. in sharingin US Dollars (USD) deposits of money announced its decision to stop.

Make your move their customers And protect their platforms Binance.US, stating that it was made for the purpose of of banking partners with dollars deposit-withdrawal channels on June 13 He said they were prepared to stop.

dollars to their customers Until 13 June 2023 Bank transfer to pull through Binance.US says that withdrawals several days He said it could take. On the other hand, the USD parity purchase and sale couples too delist will be highlighted.

all dollars withdrawal transactions In the post, which is stated to be currently processed, the remaining in the accounts after June 15 dollar balances automatically will convert to stablecoin announced.

For customer assets 1:1 reserve indicating that they are holding assets, the stock market may experience in withdrawals. any interruption increased volumes or banks at the weekend He said it would be about the closing.

In his post, referring to the SEC’s recent aggressive and frightening moves, Binance.US is for banks it works with. difficulties created by the commission told.

Binance.US is also on the exchange. trading, staking, depositing And withdrawal transactions stressed that it continues to be active. The exchange has recently stated that they are open to negotiation for the digital asset market in the US, but the SEC’s to unjust attacks against a strong they will fight told.

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