Coin Edition -
- Binance.US faces closures in Washington due to lost licenses, part of a broader US trend in crypto regulation.
- Regulatory challenges include money laundering charges against the former CEO, impacting operations nationwide.
- SEC lawsuit accuses Binance.US of trading violations and fund commingling with its global parent company.
Binance.US, the American arm of the global cryptocurrency exchange, will cease operations in Washington state on August 20, 2024, following the loss of its operating license amid heightened regulatory scrutiny.
Hello, due to regulatory developments in Washington, https://t.co/AZwoBOgsqS will suspend operations for Washington customers and close all accounts based in the state on or after August 20, 2024.— Binance.US