2024

United

<ul class="news-points"> 
 <li><strong>Binance.US faces closures in Washington due to lost licenses, part of a broader US trend in crypto regulation.</strong></li> 
 <li><strong>Regulatory challenges include money laundering charges against the former CEO, impacting operations nationwide.</strong></li> 
 <li><strong>SEC lawsuit accuses Binance.US of trading violations and fund commingling with its global parent company.</strong></li> 
</ul> 
<p>Binance.US, the American arm of the global cryptocurrency exchange, will cease operations in Washington state on August 20, 2024, following the loss of its operating license amid heightened regulatory scrutiny.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Hello, due to regulatory developments in Washington, <a href="https://t.co/AZwoBOgsqS" target="_blank" rel="nofollow">https://t.co/AZwoBOgsqS</a> will suspend operations for Washington customers and close all accounts based in the state on or after August 20, 2024.</p>— Binance.US 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@BinanceUS) <a href="https://twitter.com/BinanceUS/status/1805773517482283487?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Washington’s ruling marks the eighth time that Binance.US has faced regulatory obstacles in the United States. The exchange’s licenses have been revoked, suspended, or denied renewal by multiple states in response to former CEO Changpeng Zhao’s <a href="https://coinedition.com/former-binance-ceo-changpeng-zhao-faces-potential-10-year-sentence/">conviction in money laundering</a>.</p> 
<p>In June, <a href="https://www.nd.gov/dfi/sites/www/files/documents/Orders/Order%20-%20Revocation%20Notice%20of%20Right%20to%20Request%20Hearing.pdf" target="_blank" rel="nofollow">North Dakota revoked</a> Binance.US’s money transmitter license, preventing the exchange from conducting fiat …</p>
<p>The post <a href="https://coinedition.com/binance-us-exits-washington-state-as-regulatory-challenges-mount/">Binance.US Exits Washington State as Regulatory Challenges Mount</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Binance.US Exits Washington State as Regulatory Challenges Mount

Coin Edition

Autres articles publiés le 27 juin 2024

Jupiter’s Rise: Unveiling the Power of Solana’s Leading DEX and JUP Token Utility

Sealana Poised For Liftoff: Airdrop And Token Trading To Begin On July 2

Bitcoin ETF Market Sees Mixed Inflows and Outflows

Analyst Predicts Significant Dogecoin Surge

BITMAIN Announces ANTMINER Maintenance Training in Dubai

South Korea Enacts New Protections for Virtual Asset Users

Join our free newsletter for daily crypto updates!