Binance, Exchanges

Is Binance US Banned in New York?

It is no secret that Binance, one of the world’s largest cryptocurrency exchanges, has been trying to establish a presence in the United States for quite some time now. However, the process has been far from smooth sailing.

The company has faced a number of hurdles, the most recent of which is a lAWSuit filed by the New York Attorney General’s office.

The lAWSuit, which was filed on Thursday, alleges that Binance illegally operated in New York state without obtaining the proper licenses. The attorney general’s office is seeking an injunction to stop Binance from operating in the state and is also seeking restitution for customers who may have been harmed by the exchange’s illegal activities.

NOTE: WARNING: Binance US is not currently available in New York. It is illegal to use Binance US in New York State. Any attempt to do so may result in legal consequences. Please check the laws of your particular jurisdiction before attempting to use Binance US.

This is not the first time Binance has faced legal trouble in the United States. Last year, the Securities and Exchange Commission (SEC) issued a warning to the exchange for allegedly violating securities lAWS.

And just last month, Binance was forced to shut down its operations in California after failing to obtain the necessary licenses from state regulators.

So far, Binance has not commented on the latest lAWSuit. However, this latest development is likely to further delay the exchange’s plans to launch a fully-regulated platform in the United States.

It also raises questions about whether Binance will ever be able to establish a foothold in the highly-regulated American market.

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