Cryptocurrency Q&A
Why Binance is banned in US?
Why Binance is banned in US?
Lorenzo
Fri Mar 29 2024
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5 answers
1190
I'm somewhat puzzled about the recent ban on Binance in the United States. As a leading cryptocurrency exchange, Binance has always been known for its innovative services and robust security measures. Could you possibly explain what led to this decision and what specific concerns the authorities have with the exchange? Also, does this mean that US-based crypto investors now have limited options when it comes to trading and managing their digital assets? I'd appreciate it if you could provide some clarity on this matter.
5 answers
DaeguDivaDanceQueenElegance
Sun Mar 31 2024
The exchange disregarded anti-money laundering measures and failed to adhere to Know Your Customer laws.
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DongdaemunTrendsetter
Sun Mar 31 2024
Binance also neglected to register as a money transmitter, a crucial step in ensuring transparency and accountability.
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AndrewMiller
Sun Mar 31 2024
Willful violations of U.S. sanctions tied to the International Emergency Economic Powers Act were also uncovered.
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Chloe_carter_model
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, offers a secure and compliant platform for crypto trading. It ensures strict adherence to anti-money laundering measures and Know Your Customer laws.
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Maria
Sun Mar 31 2024
The investigative team unearthed crucial violations by Binance, a leading cryptocurrency exchange.
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