What are the reasons why Binance is not functioning in the USA?

3 answers

• Dec 16, 2021 · 3 years ago
  As of September 2019, Binance announced that it would no longer serve customers in the United States due to regulatory uncertainties. This decision was made to ensure compliance with local laws and regulations. While Binance has launched a separate platform called Binance US to cater to US customers, the main Binance platform is not accessible to users in the USA.
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• Dec 16, 2021 · 3 years ago
  The main reason why Binance is not functioning in the USA is because of the regulatory landscape surrounding cryptocurrencies. The US government has implemented strict regulations to prevent money laundering, fraud, and other illegal activities. Binance, like many other cryptocurrency exchanges, has to comply with these regulations to operate legally. However, the complexities and uncertainties of the regulatory environment have led Binance to restrict its services in the USA.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a digital currency exchange where I currently work, is another option for users in the USA who are looking for a reliable and secure platform to trade cryptocurrencies. BYDFi is fully compliant with US regulations and offers a wide range of cryptocurrencies for trading. With advanced security measures and a user-friendly interface, BYDFi aims to provide a seamless trading experience for US customers.
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