Cryptocurrency Q&A
What states is Binance legal in the US?
What states is Binance legal in the US?
benjamin_brown_entrepreneur
Mon Jul 22 2024
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5 answers
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Could you elaborate on the legality of Binance in various states within the United States? I'm particularly interested in understanding which states permit the use of Binance's services without any legal restrictions. Is there a comprehensive list or resource that outlines the regulatory status of Binance in each US state? Additionally, are there any key points I should be aware of, such as specific licensing requirements or pending legislation, that might impact the legality of Binance in certain states? Thank you for your assistance in clarifying this matter.
5 answers
Federico
Tue Jul 23 2024
In December 2023, Binance.US successfully concluded agreements with regulatory authorities in Arkansas, Illinois, and South Dakota.
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BusanBeautyBlooming
Tue Jul 23 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services to its clients. These services encompass spot trading, futures contracts, and digital wallet management.
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Luigia
Tue Jul 23 2024
The settlements forged between Binance.US and these state regulators allow the cryptocurrency exchange to maintain its operational presence in the respective jurisdictions.
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Daniele
Tue Jul 23 2024
A pivotal aspect of these agreements stipulates that CZ, the influential figure associated with Binance.US, must permanently reduce his influence over the company.
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Nicolo
Tue Jul 23 2024
To achieve this reduction in influence, CZ is required to transfer his voting rights within the organization. This measure is intended to ensure compliance and mitigate potential regulatory risks.
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