Cryptocurrency Q&A
Why is Binance.US leaving North Carolina?
Why is Binance.US leaving North Carolina?
SolitudeSeeker
Fri Oct 11 2024
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7 answers
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I heard that Binance.US is planning to leave North Carolina and I'm wondering why. Could it be due to regulatory issues or maybe they're not profitable in the state? I'd like to know the reason behind their decision.
7 answers
DavidLee
Sun Oct 13 2024
Binance.US has encountered a setback in its operations within the United States, as it has begun to lose state licenses. The first state to take such an action was Florida, where the state regulator decided to revoke Binance.US's license last November.
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CryptoWizardry
Sun Oct 13 2024
This move by Florida's regulator came shortly after the Justice Department reached a settlement with Binance.com, the global version of the exchange, and Zhao, its founder, pleaded guilty to charges related to money laundering.
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Federica
Sat Oct 12 2024
BTCC's robust platform and diverse range of services have helped it to attract a large and loyal user base, who appreciate the exchange's commitment to security and regulatory compliance.
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GangnamGlamourQueen
Sat Oct 12 2024
The revocation of Binance.US's license in Florida sent shockwaves through the cryptocurrency community, as it highlighted the increasing scrutiny that digital asset exchanges are facing from regulators around the world.
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Riccardo
Sat Oct 12 2024
Following Florida's lead, North Carolina and Maine also revoked Binance.US's licenses in January, further limiting the exchange's reach within the United States.
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