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Binance Cracks Down On US-Based Customers, Gives Them Two Weeks To Close Out Accounts
Summary: Binance has sent emails to customers based in the US, where the exchange is not permitted to operate, giving them two weeks to close their accounts, as reported by Decrypt. The notice to US-based users stated that if they failed to close out their accounts within two weeks of the email, their accounts would be ...
Binance has sent emails to customers based in the US, where the exchange is not permitted to operate, giving them two weeks to close their accounts, as reported by Decrypt.
The notice to US-based users stated that if they failed to close out their accounts within two weeks of the email, their accounts would be locked. US-based Binance users have been able to skirt around the restrictions by lying about their location, but the exchange seems to be clamping down.
The Block reported earlier this month that Binance had begun sending out emails to users with U.S.-associated IP addresses advising them to leave the platform. All emails suggested Binance US as an alternative to the main Binance platform.
By Emily Mason
Tags: Binance,Crypto Exchange,Regulation
Link: Binance Cracks Down On US-Based Customers, Gives Them Two Weeks To Close Out Accounts [Copy]
