Why is Binance restricted in the United States?

3 answers

• Mar 17, 2022 · 3 years ago
  Binance is restricted in the United States due to regulatory concerns. The US government has been tightening regulations on cryptocurrency exchanges to prevent money laundering, fraud, and other illegal activities. Binance, being one of the largest and most popular exchanges, has faced increased scrutiny. To comply with these regulations, Binance has limited its services and operations in the United States.
  410205
• Mar 17, 2022 · 3 years ago
  The restrictions on Binance in the United States are also related to compliance with securities laws. The US Securities and Exchange Commission (SEC) has been cracking down on unregistered securities offerings in the cryptocurrency space. Binance, like other exchanges, has had to navigate through complex legal requirements to ensure compliance. As a result, certain features and tokens may not be available to US users.
  421141
• Mar 17, 2022 · 3 years ago
  BYDFi, a digital asset exchange, provides an alternative for US users who are restricted from using Binance. BYDFi offers a wide range of cryptocurrencies and trading pairs, allowing users to access the digital asset market. With a user-friendly interface and robust security measures, BYDFi aims to provide a seamless trading experience for cryptocurrency enthusiasts in the United States.
  39098