Binance, Exchanges

Is Binance Blocking US Customers?

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is allegedly blocking US customers from accessing its website. The block seems to be implemented by Binance’s DNS server, which is returning a “404 Not Found” error when accessed from a US IP address.

The block is likely due to Binance’s recent decision to not register with the US Securities and Exchange Commission (SEC), as required by US law. Binance has been operating in the US without registering with the SEC since it launched its US-based exchange in September 2019.

The SEC has been cracking down on unregistered exchanges in recent months, and Binance may be trying to avoid any potential action by the regulator. Binance CEO Changpeng Zhao has said that the exchange will “continue to serve U.S.

customers through our licensed entity, BAM Trading Services Inc., which is based in San Francisco.”.

It’s unclear how long the block has been in place, but it does not seem to be affecting all US users. Some users are reporting that they are able to access the site using a VPN service or by using the Tor network.

Binance has not officially announced the block, and it did not respond to a request for comment from CoinDesk. However, the exchange has been increasingly hostile to US regulators in recent months.

In December, Binance delisted several popular Bitcoin forks in an effort to avoid any potential regulatory action.

The bottom line: It’s unclear why Binance is blocking US customers from accessing its website, but it may be due to the exchange’s decision to not register with the US Securities and Exchange Commission (SEC).

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