Binance.US warns banking partners are preparing to pause fiat (USD) withdrawal channels
Several days after the Securities and Exchange Commission (SEC) brought charges against Binance and its founder Changpeng “CZ” Zhao, the crypto firm announces changes to its US business operations.
Today, Binance.US is suspending USD deposits and notifying customers that its banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023. The company encourages customers to take appropriate action with their USD.