Binance Announced To Ban US Users Permanently After Next 90 Days
The largest cryptocurrency exchange Binance announced to ban the United States (US) users permanently from using its exchange services from 2019/09/12 reported on 14 June 2019.
According to their blog post, Users living in the United States Won’t Be Able To Trade On Binance Exchange from 12th September 2019 – In Terms Of Service Under 3. “Prohibition of Use”.
On the other hand, They are working to develop the Binance.US platform, especially for the US users to serve them all binance exchange services even after the ban.
Binance reportedly said that they are constantly reviewing the accounts of users in order to improve their platform security and to comply with global compliance requirements.
Binance reportedly said that “some users may be required to furnish evidence showing that their account registrations are consistent with Binance’s Terms of Use. Binance regrettably cannot continue to serve users who are found to have violated the Terms of Use and are unable to demonstrate otherwise.”
After the ban on 12 September 2019, Those users who are not in accordance with Binance’s Terms of Use will not be able to access the trading services on binance.com exchange platform and not even able to deposit funds there, but users will still be allowed to access their wallets and funds stored there.
