Banks are cutting off Binance's access to U.S. banking system, exchange says

Australia News News

Banks are cutting off Binance's access to U.S. banking system, exchange says
Australia Latest News,Australia Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Binance's banking partners will 'pause' Binance.US' access to US dollar deposits as soon as next week, after the SEC filed charges against the exchange.

Binance.US said its banking partners would "pause" their relationship with the exchange as soon as next week.

Zhao's ownership over Binance subsidiaries has been the subject of concern for the SEC, which filed an emergency motion for a temporary restraining order to prevent asset flight.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Binance Pay Scores Crucial Partnership in LatAm Despite Regulary AttacksBinance Pay Scores Crucial Partnership in LatAm Despite Regulary AttacksBinance Pay, payments processor by world's largest crypto exchange Binance, teams up with Credencial Payments
Read more »

SEC, Gensler-themed memecoins surge amid Binance and Coinbase lawsuitsSEC, Gensler-themed memecoins surge amid Binance and Coinbase lawsuitsGary Gensler and SEC-themed memecoins have surged in value as risk-hungry crypto investors seek to capitalize on the financial regulator’s enforcement actions against Binance and Coinbase.
Read more »

SEC's Gensler claims ‘parallels’ between Binance and FTX, yet one wasn't suedSEC's Gensler claims ‘parallels’ between Binance and FTX, yet one wasn't suedSEC chief Gary Gensler said both exchanges featured a model that “bundles and commingles functions” that wouldn’t be allowed in traditional finance.
Read more »

SEC’s Binance.US Probe Started in 2020, Court Filings ShowSEC’s Binance.US Probe Started in 2020, Court Filings ShowCourt filings made by SECGov reveal further details about their years-long investigation into BinanceUS - including the secretive profits made by the company. jackschickler reports.
Read more »

SEC lawsuit claims Binance.US, Changpeng Zhao put customer funds ‘at significant risk’SEC lawsuit claims Binance.US, Changpeng Zhao put customer funds ‘at significant risk’The SEC lawsuit says that CZ and related entities involved in the lawsuit have made “purposeful efforts” to bypass U.S. regulatory oversight.
Read more »

'They Didn't Sue FTX' Binance CEO on Broad SEC Crackdown'They Didn't Sue FTX' Binance CEO on Broad SEC CrackdownBinance CEO revealed in subtle way that SEC did not sue FTX, which obviously did something wrong
Read more »



Render Time: 2025-02-28 16:14:21