Synopsis
The U.S. Securities and Exchange Commission’s take on cryptocurrency is “extremely aggressive and intimidating, Binance.US said in a tweet, adding that it has created challenges between the exchange and its banking partners.
Binance.US said on Thursday the company is suspending USD deposits while notifying customers that their banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13.
The move comes as the U.S. financial regulators supported a freeze on Binance’s assets earlier in the day.
The U.S. Securities and Exchange Commission’s take on cryptocurrency is “extremely aggressive and intimidating, Binance.US said in a tweet, adding that it has created challenges between the exchange and its banking partners.
Trading, staking, deposits and withdrawals in crypto would remain fully operational, Binance.US said in a notice to its customers.
Friday, 09 Jun, 2023Experience Your Economic Times Newspaper, The Digital Way!Read Complete Print Edition »
- Front Page
- Pure Politics
- Economy
- Companies & Economy
- More
-
Reserve Bank Holds Rates for Second Time in a RowThe Reserve Bank of India (RBI) Thursday kept interest rates unchanged for the second straight monetary review meeting amid abating price pressures, and painted a favourable picture on medium-term economic growth that is likely to be the best among the major world economies.
About 24 Global Brands Likely to Set Up Shop in India This YearAbout two dozen international brands are expected to enter India with their stores this year, the most in a decade, encouraged by a post-Covid consumption surge, property consultants said.