United

April

Binance US is dealing with increased regulatory challenges. The company, which was already under scrutiny following CEO Changpeng Zhao's resignation and investigations by the US Department of Justice, has now faced a regulatory freeze, resulting in the suspension of operations in Alaska and Florida.  
In the most recent development, Florida regulators have taken legal action against Binance US, deeming the crypto giant a potential threat to public safety.  
As a precautionary measure, regulators have suspended Binance US services in the state, emphasizing the importance of protecting the public's interests. <a href="https://optimisus.com/market/market-news/binance-challenges-us-sec-in-court-citing-crypto-regulations-uncertain-landscape/" rel="noopener noreferrer nofollow">Binance US</a> obtained a money services license in Florida in 2020, which will expire in April 2024.  
The regulatory hurdles for Binance US do not end there; Alaska's banking division has decided not to renew Binance US's license, withholding the reasons for the decision.  
The setbacks in Alaska and Florida highlight regulators' growing efforts to exert control over crypto entities operating in the United States.  
The recent leadership change at Binance, combined with criminal charges against its founder and <a href="https://optimisus.com/market/market-news/binance-czs-4-5b-equity-offer-fails-to-secure-urgent-uae-visit-again/" rel="noopener noreferrer nofollow">former CEO Changpeng Zhao</a> for poor anti-money laundering practices, has exacerbated the situation. 
The post <a href="https://optimisus.com/market/market-news/regulators-freeze-and-shut-down-binance-operations-in-alaska-and-florida/" rel="noopener noreferrer nofollow">Regulators freeze and shut down Binance operations in Alaska and Florida</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Regulators freeze and shut down Binance operations in Alaska and Florida

Optimisus

Other articles published on Jan 28, 2024

Avalanche Rockets 10%: Analysts Predict Bullish Wave to $50

DeSpread Allies with Astar

From Fine Art to Fine Wine: The Expanding Universe of Tokenized Luxuries

Polkadot (DOT) and Polygon (MATIC) Investors Shift to Pandoshi (PAMBO)

ETH Price Drop Amid Sale off as Celsius’ Bankruptcy Proceedings

Shiba Inu Forecasted To Reach $0.001: Here’s When

Join our free newsletter for daily crypto updates!