others
Binance.US suspends USD withdrawals – Crypto News
Binance.US has halted direct dollar withdrawals for customers in the U.S., a Monday update to its terms of use revealed.
See related article: Weekly Market Wrap: Bitcoin falls below US$27,000 following CPI and Israeli conflict
Fast Fact
- The U.S. affiliate of the world’s largest exchange Binance said users must convert U.S. dollar funds to other cryptocurrencies to withdraw their assets.
- The updated terms of use added that U.S. dollar deposits in Binance.US wallets are no longer protected by the Federal Deposit Insurance Corporation.
- Binance.US suspended dollar deposits on June 9, citing customer protection amid intensifying regulatory pressures, four days after it was sued by the Securities and Exchange Commission for charges related to securities violations.
- Binance has been facing regulatory challenges worldwide. The exchange halted new user registration in the U.K. on Monday to comply with new regulations restricting foreign firms from promoting digital assets in the country.
See related article: Ferrari starts accepting crypto payments in the US
-
De-fi3 days agoHow the “buy, borrow, die” tax trade is quietly loading DeFi pools with hidden credit risk – Crypto News
-
Technology3 days agoWhile Big Tech chased AI, Apple built something else – Its biggest product wave yet | What’s coming in 2026 and beyond – Crypto News
-
Cryptocurrency2 days agoOpenAI’s GPT-6 Astra Is Shockingly Good at Almost Everything – Crypto News