Crypto exchange Binance will suspend U.S. dollar transfers
Publishing timestamp: 2023-02-06 16:41:03
Summary
Binance, the world's largest cryptocurrency exchange, will suspend US dollar deposits and withdrawals for non-US customers beginning February 8th. Millions of dollars worth of crypto flowed out of Binance after the announcement, but the company remains "net-positive". Binance US, which is regulated by the Treasury Department's Financial Crimes Enforcement Network, is not affected by the suspension. Binance is working to restart service as soon as possible and will have a new partner to announce for affected customers in the next couple of weeks.
Sentiment: NEUTRAL
Tickers: USDC.CM=, USDT.CM=, SBNY, BNB.CM=, BTC.CB=,
Keywords: tether/usd coin metrics, usd coin/usd, binance/usd coin metrics, cryptocurrency exchanges, business news, cryptocurrency, united states, u.s. dollar, fintech, investment strategy, technology, signature bank, bitcoin/usd coinbase,
Source: https://www.cnbc.com/2023/02/06/binance-will-suspend-us-dollar-transfers.html