7 October 2022
Binance US Users Received 14 Days Ultimatum To Leave Exchange
Binance once again is putting restrictions on US users.
The leading cryptocurrency exchange Binance is sending emails to its US users to move out their funds and close accounts in 14 days.
The email reads as “Dear user, as we constantly perform periodic sweeps of our existing controls, we noted that you are trying to access Binance while having identified yourself as a US person. Please note that as per our terms of use, we are unable to service US persons. You have 14 days to close all active positions on your account and withdraw all your funds, failing which your account will be locked.”
Back in 2019 July, Binance had given 90 days to US users to show evidence that they had not violated the site’s terms of service, or lose access to trading and deposit functions.
This warning came a day after the announcement of Binance that it would be launching Binance.US in partnership with relatively unknown BAM Trading. When compared with Binance, the US platform i.e. Binance.US has fewer token pairings and isn’t available in all states, but it is regulated, theoretically providing a soft landing for those who want to transfer their account balances.
