This move was likely a response to the increased regulatory scrutiny that Binance has faced, including legal actions by the SEC. As reported by Todayq News on August 25, 2023, Mastercard ended its partnership with Binance for crypto card programs in South American countries, including Argentina, Brazil, and Colombia, on September 22, 2023. This lawsuit has also affected multiple Binance partnerships, including one with MasterCard. Binance.US criticized the SEC for using aggressive tactics in what it deemed an ideological campaign against the American digital asset industry. Mr Zhao and Binance 'engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law,' SEC Chair Gary Gensler said in announcing the 136-page. Customers were urged to withdraw USD via bank transfer, with potential delays due to high demand.
On June 9, 2023, in response to an SEC enforcement action, Binance US temporarily halted USD deposits and withdrawals on June 13, becoming a crypto-only platform, as reported by Todayq News. Shiba Inu is +0.53 in the last 24 hours with a circulating supply of 589,346.91B. Your assets remain safe and secure with Binance. We have also decided to streamline our Buy, Sell & Convert offering and have paused our OTC Trading Portal. SHIB to USD price is updated in real-time. Binance offers a range of products including crypto futures trading, margin trading and lending, powered by centralized and decentralized exchange platforms. After careful consideration, Binance.US will remove select BTC and BUSD Advanced Trading pairs on Jat 9 a.m. Binance US’s challenges appear far from over. The live price of Shiba Inu is 0.000007 per (SHIB / USD) with a current market cap of 4.38B USD. Additionally, a judge recently granted the SEC’s request to unseal documents related to the case, which are expected to be available soon. The Wall Street Journal, Bloomberg News and Reuters reported Tuesday night that Shroder, who took over in 2021, has been replaced on an interim basis by the company’s chief legal. The US Securities and Exchange Commission on Tuesday asked a federal.
The SEC accused Binance US of non-cooperation in the investigation and claimed it provided only 220 documents during the discovery process. Zhao Changpeng, founder and chief executive officer of Binance speaks during an event in Athens, Greece, November 25, 2022. On the surface we cannot be seen to have US users but in reality we should get them through other creative means,' Lim told a Binance employee in 2020 according to the filing. Under his leadership, raised capital, improved its product…- CZ 🔶 Binance September 15, 2023 affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets (HOOD. There has been some speculation regarding recent management changes at Brian Shroder is taking a deserved break after accomplishing what he set out to do when he joined two years ago.
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