![]() ![]() New and experienced traders alike can conveniently deposit, withdraw, and grow their cryptocurrencies in the Binance.US multi-asset crypto wallet and easily access and trade more than 300 trading pairs.īrian Shroder, Chief Executive Officer of Binance.US, said, “Binance.US is committed to operating at the highest levels of compliance, which is being recognized through the granting of these MTLs. Binance.US has also received its MTL in Louisiana after going live in the state earlier this year, bringing the total number of secured MTLs to 43.īinance.US offers some of the industry's lowest fees on nearly 150 cryptocurrencies, including zero fees on select Bitcoin (BTC) trading pairs. Through the receipt of these MTLs, customers on islands spanning the Pacific can now register to buy, sell, trade, convert, and stake digital assets quickly and securely on the Binance.US website or iOS and Android apps. territories by receiving its Money Transmitter Licenses (MTLs) in both American Samoa and Guam. ![]() In other countries, like Canada, Binance is permitted to operate in certain regions, but some regions within the country have banned any operation of the company at today announced that it has launched in two new U.S. Thailand’s SEC, as well, has not only said no to Binance but filed a criminal complaint against them for operating without a license. In the same month, the same body in Japan, the Financial Services Agency, banned Binance for the same reason. Then, the FCA asked hedge fund firms to register per new anti-money laundering regulations and Binance did not participate. The United Kingdom’s Financial Conduct Authority (FCA) ordered that all activity with Binance be halted in the country in 2021. Seven states in the United States have banned Binance on the grounds of regulation violations after the United States Financial Crimes Enforcement Network sought compliance from Binance on multiple levels of cryptocurrency trade. ![]() Yet, the United Kingdom has banned Binance Labs from operation in the United Kingdom. The Cayman Islands is a British Governing Territory, and Binance Labs is a significant investor here. The Cayman Islands are a tax-neutral location where international trade comprises a large portion of its revenue, and 85 percent of the world’s hedge funds are based on an area where the population is 65 thousand. With Binance changing headquarter locations from China to the Cayman Islands, there is a lot of speculation around the legitimacy of its work. Still, the list of Binance countries does get shorter and it will stem from the allegations of tax fraud and money laundering. The issue may not always be that of the company Binance, but the individuals themselves, as is often the case when accounts close or are frozen. Little information is available as to why accounts are closed or frozen. ![]() The blockchain is not something that can be concealed easily, but the politics and legal steps that occur with individual accounts is not always something the public becomes aware of. Lack of public transparency pointing to the cause of frozen accounts is not uncommon in the cryptocurrency world, as much as the world is a publicly viewed one. In some cases, accounts have permanently closed with little public explanation. It remains a very popular trading platform, but account holders have complained about having accounts frozen or temporarily closed. However, the countries that have banned it are the nations with the biggest markets and largest trade centers in the world. To date, the list of countries that Binance is available to is longer than the list of countries that have banned it. ![]()
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