Crypto Giant Binance Suspending All Bank Transfers in US Dollars, Says Freeze Is Temporary

Crypto Giant Binance Suspending All Bank Transfers in US Dollars, Says Freeze Is Temporary
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Crypto Powerhouse BINANCE says it puts all USD-denominated bank transfers on hold.

In a brief Twitter post, the first crypto exchange per volume, he expects the freeze to affect a few users.

"Effective February 8, all USD bank transfers will be temporarily suspended.

Only a small percentage of our users will be affected by this situation and we are working hard to restart the service as quickly as possible. All other purchase and sale methods for cryptography are not affected."

Binance ceased serving its clients in the United States in 2019 because of regulatory concerns.

The company subsequently formed a partnership that led to the launch of binance.us, which is a distinct regulated entity.

Binance referred to as binance users.The freeze on transfers will not affect the United States in any way.