Binance to temporarily suspend US dollar bank transfers from 8 February
1 year, 10 months ago

Binance to temporarily suspend US dollar bank transfers from 8 February

Live Mint  

Crypto exchange trading platform Binance said that it will temporarily suspend US dollar bank transfers starting on Wednesday, CoinDesk confirmed the report on 6 February. "We are temporarily suspending USD bank transfers as of February 8th," CoinDesk quoted a Binance spokesperson as saying, noting just 0.01% of monthly active users use $ bank transfers. "In the interim, all other methods of buying and selling crypto remain unaffected, including bank transfer using one of the other fiat currencies supported by Binance, buying and selling crypto via credit card, debit card, Google Pay and Apple Pay and via our Binance P2P marketplace," the spokesperson added. Earlier in the day, Binance introduced a tool to help users calculate the tax obligations on their crypto transactions since governments are looking into to ensure they don't miss out on revenue from the industry.

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History of this topic

Binance ordered to stop all digital currency services in Belgium
1 year, 6 months ago

Binance ordered to stop all digital currency services in Belgium

The Hindu  

Belgium's FSMA regulator on Friday ordered Binance to cease offering any virtual currency services in the country, adding to pressure on the world's biggest cryptocurrency exchange. "Binance is offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are not members of the European Economic Area," the FSMA …

Binance, SEC agree to allow only US employees to access customer funds: Report
1 year, 6 months ago

Binance, SEC agree to allow only US employees to access customer funds: Report

Live Mint  

US securities regulator, Binance and Binance.US have entered into an agreement that allows Binance.US employees to ccess customer funds in the short term, reported Reuters on basis of court documents. The agreement noted that Binance US will take steps to make sure that no Binance Holdings officials have access to private keys for its various wallets, hardware wallets or root …

Binance.US Suspends USD Deposits After Crackdown by Regulators
1 year, 6 months ago

Binance.US Suspends USD Deposits After Crackdown by Regulators

News 18  

Crypto exchange Binance.US said on Thursday it is suspending US dollar deposits and that its banking partners are preparing to pause fiat dollar withdrawal channels as early as June 13, just days after US regulators sued Binance and its CEO Changpeng Zhao. The US arm of the world’s largest crypto exchange said in a tweet at 10:33 p.m. EDT on …

Closing off-chain fund transfers with WazirX: Binance
2 years, 4 months ago

Closing off-chain fund transfers with WazirX: Binance

The Hindu  

Global crypto exchange Binance on Monday said it is closing off-chain fund transfers with WazirX which is facing probe for outward remittance of crypto assets worth ₹2,790 crore to unknown wallets. The ED on Friday said it has frozen ₹64.67 crore worth bank deposits of WazirX as part of an ongoing money laundering probe against some fraud smartphone-based loan dishing …

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