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    <p>Binance <a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a> has modified its terms of <a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>e, eliminating dollar <a rel="noopener noreferrer nofollow" title="withdrawals" href="https://thebittimes.com/tag/withdrawals.html">withdrawals</a> and changing the language surrounding Federal Deposit Insurance Corporation (FDIC) insurance.&nbsp;</p>
    <p>Currently, the link on Binance <a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>’s Terms of Use page to ‘Download Previo<a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a> Version’ returns an ‘Access Denied’ error, but accessing the terms of service through archive sites is still possible.&nbsp;</p>
    <p>The new terms no longer make the claim that users who hold fiat at Binance US are eligible for passthrough insurance from the FDIC, and users on X (formerly Twitter) have shared screenshots of an email supposedly from Binance US that details how this change was made “in accordance with guidance received from the Federal Deposit Insurance Corporation.”</p>
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       <p lang="en" dir="ltr">This is the email Binance sent to c<a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>tomers informing them that their <a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>D has been rugged from real <a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>D into BNB/B<a rel="noopener noreferrer nofollow" title="US" href="https://thebittimes.com/tag/us.html">US</a>D pic.twitter.com/5EAhyic9GP</p>— Asher Hopp (@AsherHopp) October 17, 2023
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    <p><em>Read more: Binance customers have traded against themselves with real money for six years</em></p>
    <p>Furthermore, the language surrounding dollar withdrawals in the Binance US terms has been changed, now informing users that “<strong>in the event you wish to withdraw US dollar funds from your account, you may convert such US dollar funds to stablecoin or other digital assets</strong>, which can subsequently be withdrawn.”</p>
    <p>Currently, Binance US has a few stablecoins on offer, including USDT, USDC, DAI, and BUSD. BUSD, the Binance-branded stablecoin, has been effectively shut down after action from the New York Department of Financial Services following Binance’s failure to adequately manage Binance-peg BUSD.&nbsp;</p>
    <p>Binance US had previously suspended dollar deposits following a Securities and Exchange Commission (SEC) lawsuit against it and its sister firm, Binance. At the time, Binance US cited “<strong>aggressive tactics</strong>” by the SEC as the reason it could no longer offer dollar deposits.</p>
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-us-users-no-longer-able-to-make-usd-withdrawals-tbt66742.html">https://thebittimes.com/binance-us-users-no-longer-able-to-make-usd-withdrawals-tbt66742.html</a></p>

Binance US users no longer able to make USD withdrawals

TheBitTimes

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