![]() ![]() Binance claimed at the time that Signature had informed it that the increased requirement extended to all users of crypto exchanges. banking partner Signature Bank had raised the threshold for crypto-related dollar transactions to $100,000. The main Binance exchange, which serves international customers, said in late January that its U.S. USD transaction services will resume after Binance finds a new banking partner ![]() If Binance US still has USD banking, it is hard to imagine this doesn't give Binance a workaround. Some Binance critics have alleged that if Binance US still offered USD transaction services, it was within the realm of possibility for the main Binance to use it to find a workaround for its current banking problem. However, it remains unlicensed in six states: New York, Texas, Idaho, Louisiana, Vermont, and Hawaii. The company is a distinct unit of the world’s biggest crypto exchange and adheres to all relevant U.S. company was formed in 2019 in response to a regulatory ban imposed on the original Binance by U.S. Treasury Department’s Financial Crimes Enforcement Network (FCEN). Binance.US Customer Support February 6, 2023īinance US further reiterated that it was separate from its global counterpart and was licensed and regulated by the U.S. Unless you see an official message from, our customers will not be affected. 6 tweet, the U.S.-based company indicated that barring an official announcement, its customers will remain unaffected by the suspension, which is expected to last for several weeks until the main Binance finds a new banking partner. arm of the world’s largest crypto exchange by volume, appears to have remained unscathed by its sister company’s decision to temporarily suspend U.S. ![]()
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