Binance US, the American arm of the world’s largest cryptocurrency exchange, is now live. The launch has been highly anticipated by the crypto community in the US, as it would mean increased competition in the space and more choices for investors.
However, there is one big question that still remains: Is Binance US legal in New York?
NOTE: WARNING: Binance US is not currently licensed to operate in New York. Before using the exchange, please ensure that it is legal in your jurisdiction. Please also be aware that the New York State Department of Financial Services (NYDFS) has proposed regulations that would limit the ability of Binance US to offer services in New York. It is highly recommended that you research and understand these regulations before using Binance US in New York.
The answer to this question is not entirely clear. While Binance US is registered with FinCEN and compliant with KYC/AML regulations, it has not yet been licensed by the New York State Department of Financial Services (NYDFS).
This means that, at least for now, Binance US cannot legally operate in New York. However, this could change in the future if the NYDFS decides to license the exchange.
In the meantime, New Yorkers can still use Binance’s international site to trade cryptocurrencies. However, they should be aware that they may be subject to different rules and regulations than what they are used to on Binance US.
4 Related Question Answers Found
It is currently legal to use Binance in the United States. The company is registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business. FinCEN is a bureau of the US Department of the Treasury that collects and analyzes information about financial transactions in order to combat domestic and international money laundering, terrorist financing, and other financial crimes.
Binance is a digital asset exchange that facilitates trading of cryptocurrencies. The company is based in Malta. Binance was founded in 2017 by Changpeng Zhao, a developer who had previously created high-frequency trading software for the Tokyo Stock Exchange.
Binance is the world’s leading cryptocurrency exchange. Based in Malta, the exchange has been in operation since 2017 and is now one of the most popular exchanges in the world with over 10 million users. The exchange allows users to trade a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and more.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently available in the United States. The company has been ramping up its international expansion in recent months, but has yet to establish a presence in the US. This is likely due to the fact that the US regulatory environment for cryptocurrency is still very much in a state of flux.
