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Cryptocurrency: Binance US suspends deposits in US dollars

09/06/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Deposits in US dollars (USD) have been suspended according to reports from Binance's US subsidiary. It indicates that it informed its customers that their banking partners were preparing to temporarily interrupt “fiat-currency” withdrawal channels as of 13 June

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Binance's decision to suspend U.S. dollar (USD) deposits comes as the U.S. financial markets authority sued the cryptocurrency exchange platform earlier today. Binance US said on Twitter that the Securities and Exchange Commission's (SEC) opinion on cryptocurrencies is “extremely aggressive and intimidating.” In a note sent to customers, Binance US informed that cryptocurrency trading, staking, and withdrawals will continue

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