Texas is home to a large number of cryptocurrency investors and enthusiasts, so it’s no surprise that the state is also home to one of the most popular cryptocurrency exchanges, Binance. However, it appears that Binance has been banned in Texas.
The Texas State Securities Board (SSB) has issued an emergency cease and desist order against Binance, alleging that the exchange is illegally offering securities in the state. According to the SSB, Binance is offering unregistered investments through its initial coin offerings (ICOs) and token sales.
The SSB is concerned that Binance is Targeting investors in Texas with false promises of high returns. The agency also alleges that Binance is hiding the true risk of investing in these digital assets.
Binance has until May 11th to respond to the cease and desist order. It’s unclear at this time what will happen if Binance doesn’t comply with the SSB’s request.
However, it’s possible that the exchange could be fined or even shut down in Texas if it doesn’t take action to comply with the order.
NOTE: WARNING: Trading on Texas-based Binance is prohibited and any attempted transactions will be invalid. All Texas-based Binance accounts have been closed, and any deposits or withdrawals will not be processed. This is due to the current regulatory environment in Texas. Please be aware that engaging in any activity related to Binance in Texas is a violation of state law.
The SSB’s actions come as regulators around the world are cracking down on cryptocurrency exchanges and ICOs. The United States Securities and Exchange Commission (SEC) has also taken action against a number of exchanges and ICOs in recent months.
It’s clear that regulators are concerned about the lack of regulation in the cryptocurrency space. Exchanges and ICOs are often launched without registering with any government agency.
This makes it difficult for investors to know if they’re investing in a legitimate project or not.
The SSB’s actions against Binance show that Texas is taking a stand against unregistered securities offerings in the state. While some investors may be disappointed by this news, it’s likely that this will only be a temporary setback for Binance.
The exchange will likely take steps to comply with the SSB’s request and continue operating in Texas.
8 Related Question Answers Found
Binance US, the American arm of the world’s largest cryptocurrency exchange by trading volume, does not currently work in Texas. The reason for this is unclear, but it may have something to do with the state’s stringent money transmitter lAWS. Binance US is a digital asset exchange launched in 2019 and operated by Binance Holdings Ltd., the parent company of the world’s largest cryptocurrency exchange by trading volume.
Binance US, the American arm of the world’s largest cryptocurrency exchange by trading volume, is not currently operational in the state of Texas. The reason for this is two-fold. First and foremost, the company has not yet obtained a Money Transmitter License (MTL) from the state of Texas.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently available to customers in Texas. While the reasons for this are not entirely clear, it may have something to do with the state’s stringent regulations surrounding money transmission businesses. In order to operate in Texas, money transmission businesses must obtain a license from the state’s banking regulator, the Texas Department of Banking.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is no longer available to residents of China. The exchange announced the news on Weibo, a Twitter-like service in China, and said it would “strictly abide by” the country’s recent crackdown on cryptocurrency trading. The move comes as China has intensified its efforts to stamp out cryptocurrency trading.
Binance, the world’s largest cryptocurrency exchange by trading volume, is facing a potential ban in Japan. The Japanese Financial Services Agency (FSA) has issued a warning to Binance, telling the company that it is operating in the country without registration. The FSA says that Binance has until the end of the month to register with the agency or face a ban.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is now officially banned in the United States. The decision was made by a U.S. District Court in Hawaii on September 11, 2019.
If you are a Binance user, you may have noticed that your account has been banned. This is because Binance has recently implemented a new policy that bans accounts that are inactive for more than two years. While this may seem like a harsh policy, it is actually in line with other exchanges who have similar policies.
Binance, the world’s largest cryptocurrency exchange by trading volume, is illegal. The company is not licensed to operate in the United States or any other country. The company’s CEO, Changpeng Zhao, has a history of fraud and deception.
