Binance cryptocurrency exchange has begun blocking user accounts from the United States. In an email, the company advised them to withdraw funds within 90 days, according to The_Block.
Until now, American clients of the exchange indicated during registration that they were not related to the United States. According to the publication, Binance now sends out emails based on their IP addresses.
"In accordance with regulatory requirements, we are unable to provide services to US citizens or residents," - said in the message.
The exchange encouraged users to switch to Binance US or other US platforms.
The company made the decision to block the accounts after American regulators accused the owners of the BitMEX cryptocurrency derivatives exchange of running an unregistered trading platform and violating the rules of the Expedited Trading Commission.
Binance CEO Changpeng Zhao called the harassment of BitMEX a "wake-up call" for the bitcoin industry and urged its representatives to be careful.
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STOPThere is no doubt the United States is making it a major pain in the ass for people in cryptocurrency. Ripple just picked up and is opening up overseas.
The US is going to work on making sure they miss the blockchain/crypt boat, all in favor of the bankers.
Unfortunately, long term this is only going to put them further behind.
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“content spinning” is not welcome in LEO space.
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