The bad news around Binance US does not stop. After the US Securities and Exchange Commission (SEC) brought forth its lawsuit against Binance’s US arm earlier this week, the US exchange has now announced that they are suspending USD deposits with immediate effect.
In addition, Binance US has sent a message to its customers informing them that their banking partners are preparing to suspend fiat (USD) withdrawal services as early as June 13. Users of the US exchange (it does not affect the international trading platform) will not be able to make withdrawals of US dollars starting from that day.
Therefore, the exchange encourages its customers to take appropriate action with their USD. Notably, Binance US employees have received a similar warning.
SEC Keeps Playing Dirty Against Binance
The message states that the SEC is using “extremely aggressive and intimidating tactics” in its “ideological…
