Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin -Posts record daily and weekly closes – is a breakout on your hands?

2025-05-21

JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

2025-05-21

SEC counts Unicoin – $ 100 million exposed to alleged fraud!

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21

    Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

    2025-05-20

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20
  • Learn

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»Binance.US will stop recording Fiat as early as June 13
Binance.US will stop recording Fiat as early as June 13
NFT

Binance.US will stop recording Fiat as early as June 13

2023-06-09No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The fallout from the U.S. Securities and Exchange Commission (SEC) civil lawsuit against Binance, the most popular crypto exchange by volume, continues this week with Binance.US, the U.S. arm of the global exchange, announcement of a temporary stop on all fiat withdrawals by the end of Thursday, June 8.

The exchange credited the move, which is expected to take effect as early as June 13, 2023, to its banking partners, who have indicated their intention to suspend USD fiat operations with the company.

“As a result,” Binance.US wrote on his Twitter account yesterday, “In an effort to protect our customers and our platform, we are suspending USD deposits today and informing customers that our banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023. We encourage customers to take appropriate action with their USD.”

The SEC has begun using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the US digital asset industry. https://t.co/AZwoBOgsqS and our business partners have not been spared in using these tactics, making… pic.twitter.com/rlIe6swIoY

— Binance.US 🇺🇸 (@BinanceUS) June 9, 2023

Switching to a full crypto model “for a while”.

This has led Binance.US to move, at least for now, to a full crypto model. The exchange, which is operated by BAM Trading, has reassured its users that it maintains one-to-one reserves for all clients and that all operations are currently operating normally despite the impending changes.

“Any downtime in the processing of withdrawals may be due to increased volumes and bank closures over the weekend,” said the Binance.US statement. “In addition, crypto trading, staking, deposits and withdrawals remain fully operational.”

See also  The Shibuya streaming platform from PPLEPPLEASR is back with 5 epic short films

In addition to the suspension of USD deposits and withdrawals, Binance.US has also announced that all USD trading pairs (e.g. BTC-USD) will be suspended in the coming week. Furthermore, the platform announced that all USD balances held after June 15 can be converted into stablecoins that can be withdrawn on-chain.

The SEC’s latest filing represents legal maneuvering rather than genuine concern for https://t.co/AZwoBOgsqS clients and the safety of their assets.

The SEC has shown in bringing this case, and countless others, that its true interest lies in political grandeur and country… https://t.co/rt2acDzzqD

— Binance.US 🇺🇸 (@BinanceUS) June 6, 2023

The SEC lawsuit, which Binance.US has described as containing “unwarranted civil claims”, has caused the platform to take a combative tone on social media with the regulatory body, repeatedly claiming that the tactics and approach of the SEC of industry regulation are both aggressive and misinformed. .

Binance.US itself has had a particularly turbulent history, with former CEO, Catherine Coley, fading from public view and her successor, Brian Brooks, also stepping down after a short tenure. Brooks had previously testified to the SEC that questioned the exchange’s supposed independence.

Editor’s Note: This article was written by an nft now contributor in collaboration with OpenAI’s GPT-4.



Source link

Binance.US early fiat June recording Stop
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Guild of Guardians leads with a huge volume of $ 796.62k

2025-05-20

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

2025-05-19

Ethereum – price cannot break through – what does it stop?

2025-05-19

The most popular collections of the moment on blockchain

2025-05-18
Add A Comment
Leave A Reply Cancel Reply

Top Posts

XRP falters at support level – can bears take advantage?

2023-07-28

FBI reports $ 9.3 billion in the US focused on crypto -welder when the elderly get the hardest

2025-04-24

French authorities save co-founder of Ledger and his wife after both were abducted for Crypto Ransom: Report

2025-01-25
Editors Picks

Crypto outflows dawdle: Negative sentiments to exit the market?

2023-09-05

Super Dapp Showdown season announced one winners

2025-04-01

Cryptocurrency market cap approaches France’s GDP after Bitcoin leads $3 trillion rally

2024-11-13

As LINK recovers, investors who have reservations should know that…

2023-07-04
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin -Posts record daily and weekly closes – is a breakout on your hands?

JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

SEC counts Unicoin – $ 100 million exposed to alleged fraud!

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,378.361.20%
  • ethereumEthereum(ETH)$2,525.170.51%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.34-0.08%
  • binancecoinBNB(BNB)$652.160.99%
  • solanaSolana(SOL)$168.411.03%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2255092.25%
  • cardanoCardano(ADA)$0.752.87%
  • tronTRON(TRX)$0.271326-0.33%
  • suiSui(SUI)$3.83-0.30%
  • chainlinkChainlink(LINK)$15.69-0.33%
  • avalanche-2Avalanche(AVAX)$22.501.83%
  • stellarStellar(XLM)$0.2877871.65%
  • hyperliquidHyperliquid(HYPE)$26.521.24%
  • shiba-inuShiba Inu(SHIB)$0.0000141.56%
  • hedera-hashgraphHedera(HBAR)$0.1949120.45%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.20%
  • bitcoin-cashBitcoin Cash(BCH)$396.422.22%
  • the-open-networkToncoin(TON)$3.050.70%
  • polkadotPolkadot(DOT)$4.652.26%
  • litecoinLitecoin(LTC)$95.162.14%
  • moneroMonero(XMR)$363.502.33%
  • bitget-tokenBitget Token(BGB)$5.130.10%
  • piPi(PI)$0.8010.26%
  • pepePepe(PEPE)$0.0000135.20%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.195.81%
  • aaveAave(AAVE)$253.52-3.20%
  • bittensorBittensor(TAO)$415.68-0.27%
  • nearNEAR Protocol(NEAR)$2.781.40%
  • aptosAptos(APT)$5.150.91%
  • okbOKB(OKB)$52.100.51%
  • ondo-financeOndo(ONDO)$0.940.70%
  • kaspaKaspa(KAS)$0.111533-0.72%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.368.89%
  • ethereum-classicEthereum Classic(ETC)$18.441.48%
  • internet-computerInternet Computer(ICP)$5.201.11%
  • gatechain-tokenGateToken(GT)$21.520.65%
  • crypto-com-chainCronos(CRO)$0.096312-0.05%
  • mantleMantle(MNT)$0.740.06%
  • vechainVeChain(VET)$0.0282532.65%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2308240.16%
  • render-tokenRender(RENDER)$4.620.95%
  • ethenaEthena(ENA)$0.3846884.57%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.2244782.12%
  • arbitrumArbitrum(ARB)$0.3950321.68%
  • filecoinFilecoin(FIL)$2.851.20%
  • bitcoinBitcoin(BTC)$106,378.361.20%
  • ethereumEthereum(ETH)$2,525.170.51%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.34-0.08%
  • binancecoinBNB(BNB)$652.160.99%
  • solanaSolana(SOL)$168.411.03%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2255092.25%
  • cardanoCardano(ADA)$0.752.87%
  • tronTRON(TRX)$0.271326-0.33%
  • suiSui(SUI)$3.83-0.30%
  • chainlinkChainlink(LINK)$15.69-0.33%
  • avalanche-2Avalanche(AVAX)$22.501.83%
  • stellarStellar(XLM)$0.2877871.65%
  • hyperliquidHyperliquid(HYPE)$26.521.24%
  • shiba-inuShiba Inu(SHIB)$0.0000141.56%
  • hedera-hashgraphHedera(HBAR)$0.1949120.45%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.20%
  • bitcoin-cashBitcoin Cash(BCH)$396.422.22%
  • the-open-networkToncoin(TON)$3.050.70%
  • polkadotPolkadot(DOT)$4.652.26%
  • litecoinLitecoin(LTC)$95.162.14%
  • moneroMonero(XMR)$363.502.33%
  • bitget-tokenBitget Token(BGB)$5.130.10%
  • piPi(PI)$0.8010.26%
  • pepePepe(PEPE)$0.0000135.20%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.195.81%
  • aaveAave(AAVE)$253.52-3.20%
  • bittensorBittensor(TAO)$415.68-0.27%
  • nearNEAR Protocol(NEAR)$2.781.40%
  • aptosAptos(APT)$5.150.91%
  • okbOKB(OKB)$52.100.51%
  • ondo-financeOndo(ONDO)$0.940.70%
  • kaspaKaspa(KAS)$0.111533-0.72%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.368.89%
  • ethereum-classicEthereum Classic(ETC)$18.441.48%
  • internet-computerInternet Computer(ICP)$5.201.11%
  • gatechain-tokenGateToken(GT)$21.520.65%
  • crypto-com-chainCronos(CRO)$0.096312-0.05%
  • mantleMantle(MNT)$0.740.06%
  • vechainVeChain(VET)$0.0282532.65%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2308240.16%
  • render-tokenRender(RENDER)$4.620.95%
  • ethenaEthena(ENA)$0.3846884.57%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.2244782.12%
  • arbitrumArbitrum(ARB)$0.3950321.68%
  • filecoinFilecoin(FIL)$2.851.20%