Binance, the world’s largest cryptocurrency exchange by trading volume, is not allowed in the United States. The reason for this is because Binance is not registered with the US Securities and Exchange Commission (SEC), and therefore is not subject to US lAWS and regulations.
This lack of regulation means that Binance is not required to follow the same KYC (know your customer) and AML (anti-money laundering) guidelines as US exchanges. This makes it very easy for criminals to use Binance to launder money, and also makes it difficult for US law enforcement to track and prosecute criminals who use Binance.
The SEC has warned investors that they may be at risk of fraud or theft if they use exchanges like Binance, and has urged them to only use exchanges that are registered with the SEC. The SEC has also shut down several fraudulent cryptocurrency exchanges that were operating in the US, and Binance could be next on their list.
NOTE: WARNING: Binance is not allowed in the US due to regulatory concerns. US citizens should not use Binance, or any other non-US exchange, to buy or sell cryptocurrencies as this may be in violation of US federal law. In addition, transactions involving such exchanges may be subject to additional scrutiny by the US government. Use of Binance by US citizens could result in civil or criminal penalties.
So why is Binance still allowed to operate in the US? The answer likely lies in the fact that Binance is based in Malta, a country with much more relaxed lAWS and regulations around cryptocurrency. This makes it very difficult for the SEC to shut down Binance, even if they wanted to.
For now, it’s best to avoid using Binance if you’re a US investor. There are plenty of other reputable exchanges out there that are registered with the SEC and follow proper KYC/AML guidelines.
Using one of these exchanges will help you protect your investment and avoid any legal trouble.
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Binance, the world’s largest cryptocurrency exchange by trading volume, is unavailable in the United States. The company announced the news on its blog today, saying that “Binance US will be a digital asset platform providing an easy-to-use interface for U. S.
Binance, the world’s largest cryptocurrency exchange by trading volume, is not currently accessible to users in the United States. The reason for this is unclear, but it may be due to regulatory reasons. This is unfortunate for U.S.
Binance, one of the world’s largest cryptocurrency exchanges, was recently banned in the United States. The reason for the ban is still unclear, but there are many theories as to why this occurred. One theory is that the US government is concerned about the amount of money that is being laundered through Binance.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently banned in the United States. The US-based crypto exchange launched in September 2017 and has quickly become a leading player in the space. Binance is registered with FinCEN and complies with KYC/AML regulations.
