US users must stop access to the Binance exchange in two weeks, according to an email warning.
Moreover, Binance has announced its partnership with BAM Trading. As a result, its blockchain-featured services expanded.
Binance exchange has sent an email warning to its users residing in the US. Each customer should transfer their assets and close their account on the exchange.
The platform access warning came up as a result of how customers get into the exchange without self identification as a US citizen. Hence, anyone trading on the exchange must stop their platform activities within two weeks.
Binance email message reads,
Meanwhile, this warning message shows the second time Binance exchange has passed such restrictions to its network-based users. Looking back, Binance’s recent warning escalated soon after the company announced its partnership with BAM Trading.
Furthermore, Binance will no longer offer its blockchain-based featured services to US natives. In addition to Binance’s newly updated terms and conditions, US passport holders will not be able to log in on the global Binance.com site.
Similarly, if all measures are properly maintained as days go, Binance exchange users will continue to access their account using a virtual private network (VPN).
On the other hand, users will sign up for their accounts for a limited without know-your-customer (KYC) approach. Alongside this, individual customers will be leveraged to trade digital asset classes. However, Bitcoin withdrawals will be limited each day.
Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.