Binance.US Suspends Use of Fiat as Legal Troubles Mount

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Binance.US Suspends Use of Fiat as Legal Troubles Mount
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Binance's BNB is stable as BinanceUS announces a suspension of fiat deposits, telling customers to pull USD right away, citing SECGov's 'extremely aggressive and intimidating tactics' against it. thesamreynolds reports

, which targeted the company with a major enforcement action this week.

In a tweet, the U.S. arm of Binance said it's temporarily transitioning to an all-crypto exchange, and the company said trading, staking, deposits and withdrawals in crypto remain fully operational. USD deposits will be suspended as of June 9, and USD-based trading pairs will be de-listed shortly after, the exchange said.

“While we remain open to a productive compromise that enables a thriving digital asset marketplace in America,

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