Binance.US has unfrozen withdrawals "for the near future"
Date: 2023-06-24 Author: Karina Ziganova Categories: CRYPTO PAYMENTS
"While USD withdrawals remain possible, we recommend that you use, withdraw or convert fiat to stablecoins to continue trading cryptocurrency. We expect that our partners among banks will stop processing withdrawal orders in the near future," the message to customers says.
On June 9, Binance.US announced the suspension of deposits in dollars and recommended that customers withdraw fiat funds by June 13.
Then the company warned that banks are ready to suspend the processing of orders for the withdrawal of USD. To date, these fears have not materialized.
On June 22, the platform also announced the delisting of cryptocurrencies paired with the US dollar. The exceptions will be BTC, ETH, ADA, BNB, LTC, MATIC, SOL, VET, USDC, and USDT.
Recall that on June 5, the SEC sued Binance and its CEO Changpeng Zhao. The agency brought 13 charges, including the sale of unregistered securities.
On June 6, the Commission filed a motion to freeze Binance.US's digital assets. On June 14, the court ordered the regulator and the American crypto exchange to find a compromise to ensure the protection of client assets with the possibility of the platform continuing to operate.
On June 17, the parties entered into an agreement on customer assets in the United States. It was approved by the court.
As part of the arrangements, Binance.US will share detailed information about its business expenses. Employees of the international Binance will lose access to the private keys of wallets and other instruments of the American division.
