Binance.US, the American division of the globally popular cryptocurrency exchange platform Binance, has recently been accused by the US Securities and Exchange Commission (SEC) of various law violations. The allegations include deceiving investors about risk control measures, manipulating trading volumes, and attempting to evade US laws. In response, Binance.US has halted dollar deposits and recommended that its customers withdraw their funds from the platform due to issues with its banking partners. Nevertheless, clients can still trade, stake, and deposit and withdraw cryptocurrencies as usual, albeit with possible delayed processing times.
Regarding the SEC’s accusations, both Binance.US and its founder, Zhao Changpeng, have vowed to defend themselves, their customers, and the crypto industry from «unjustified SEC attacks.» The company has affirmed that it will continue to deliver reliable and secure trading services for cryptocurrencies to its clients while adhering to US laws that regulate such transactions.
This setback is another blow to the volatile cryptocurrency market. Regulators worldwide are increasingly tightening their grip on crypto trading platforms, causing investors to exercise more caution when investing large sums of money in a market that is prone to government interventions and restrictions. While cryptocurrency values remain highly erratic, it remains unclear how Binance and the wider crypto market will be impacted by this latest issue.
По материалам www.vedomosti.ru.