The global Binance platform was launched in 2017 by financial software developer Changpeng Zhao. In 2019, the company shut down access to U.S. users, citing regulatory concerns .
Read moreCan Binance block your account?
According to Babalola, there are 2 reasons an account can be blocked: uncompleted know-your-customer (KYC) registration and detection of fraudulent activities , which he referred to as “law enforcement agencies related issues”.31 Oca 2022
Read moreWhy is Binance blocking US users?
Why did Binance shut down in the United States? Binance was banned in the United States because it did not comply with U.S. laws and regulations . Exchanges that trade virtual currency derivatives are required to register with the CFTC, which Binance did not do.
Read moreWhy is Binance banned in the US?
United States However, it is banned in seven states. In May 2021, Bloomberg News reported that Binance was under investigation by the United States Department of Justice and Internal Revenue Service for money-laundering and tax evasion .
Read moreCan I still use Binance in the US?
Users in over 180 countries can trade on Binance, but only 43 states can use Binance.US, excluding Connecticut, Hawaii, New York, Texas, Vermont, Idaho, and Louisiana .
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