Cryptocurrency Q&A
Did Binance shut down in the US?
Did Binance shut down in the US?
CryptoAlchemist
Tue May 07 2024
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7 answers
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I'm hearing rumors that Binance might have shut down its operations in the United States. Is this true? If so, could you provide me with some context as to why this happened? Binance has been a major player in the cryptocurrency industry, so its withdrawal from the US market would certainly be a significant development. Could you also explain what impact this might have on the cryptocurrency market globally? I'm very curious to understand the ins and outs of this situation.
7 answers
Leonardo
Thu May 09 2024
The SEC expressed concerns about the trading of digital assets on Binance.
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Michele
Thu May 09 2024
These digital assets may be considered securities under U.S. law.
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Valentino
Thu May 09 2024
The Securities and Exchange Commission (SEC) conducted an investigation into Binance.
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Maria
Thu May 09 2024
Regulatory pressure from the U.S. government prompted Binance to shut down U.S. accounts in 2019.
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KpopStarlight
Thu May 09 2024
The investigation focused on potential violations of U.S. securities laws.
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