Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of July 2019, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.
However, Binance is not available to users in the United States. The reason for this is that Binance is not regulated by the US Securities and Exchange Commission (SEC).
This means that Binance is not subject to the same rules and regulations as US-based exchanges.
There are a few reasons why this is the case. Firstly, the SEC has not yet released any specific regulations regarding cryptocurrencies.
NOTE: WARNING: It is not recommended to access your Binance account in the US. Binance is not available in the US and accessing it could be a violation of US law. Additionally, using a VPN to access Binance could lead to security risks and potential financial losses.
This means that there is no legal framework for exchanges like Binance to operate within the US.
Secondly, even if the SEC were to release regulations, it is unlikely that Binance would meet all of the requirements. For example, the SEC requires exchanges to register as broker-dealers and to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) rules.
Binance has stated that it has no plans to register with the SEC. This is because Binance believes that cryptocurrencies are not securities and therefore should not be subject to SEC regulation.
The lack of regulation in the US also means that there is no protection for investors. This is a major concern for many people, as there have been a number of cases of fraud and theft at cryptocurrency exchanges.
In conclusion, the lack of regulation in the United States is the main reason why Binance cannot operate within the country. Until such time as the SEC releases specific regulations regarding cryptocurrencies, US investors will continue to be at risk when using exchanges like Binance.
8 Related Question Answers Found
As of September 2019, Binance is not available to US customers. The popular cryptocurrency exchange can’t legally operate in the US because it’s not registered with the Financial Crimes Enforcement Network (FinCEN). Binance has been trying to get a US license since 2018, but so far has been unsuccessful.
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Based in Malta, the company has offices in Singapore, Taiwan, and Japan. Binance was founded in 2017 by Changpeng Zhao, who is also the CEO.
If you’re having trouble accessing your Binance account, there are a few possible explanations. First, it’s possible that you simply forgot your password. In this case, you can click the “Forgot Password” link on the Binance login page and follow the instructions to reset your password.
There are a few different ways to access your Binance account from the United States. The most common way is to use a VPN, which will allow you to connect to the Binance server from another country. This is the easiest way to access your account, but it may not be the most reliable.
Yes, you can make a Binance account in the US. The process is simple and straightforward, and there are no major restrictions in place. However, there are a few key points to keep in mind.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently available to users in the United States. The platform has been a go-to destination for digital asset traders since its launch in 2017, but its lack of availability in the U. S.
Binance US, the American division of the world’s largest cryptocurrency exchange, has been live for over a month now. The platform is still in its beta phase and is currently only available to select states. Despite this, Binance US has managed to garner a lot of attention from the crypto community.
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.