Binance to temporarily suspend U.S. dollar bank transfers

United States News News

Binance to temporarily suspend U.S. dollar bank transfers
United States Latest News,United States Headlines
  • 📰 axios
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

In late January, Binance announced trouble in a number of countries with U.S. dollar transactions.

The largest crypto exchange in the world is temporarily suspending U.S. dollar withdrawals and deposits starting on Feb. 8, the company confirmed to Axios.

According to a Binance spokesperson, dollar bank transfers are used by 0.01% of its monthly active users.Transfers in other national currencies still work, as do credit, debit cards and of course making deposits and withdrawals using stablecoins.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

axios /  🏆 302. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Binance Gift Card: Your Crypto Business Solution | BinanceBinance Gift Card: Your Crypto Business Solution | BinanceIf you're looking to scale your business through crypto, Binance Gift Card could be the answer for you. Why? 🔸 Zero fees 🔸 Access to 270+ cryptocurrencies, and many fiat currencies 🔸 Offer loyalty rewards And more ➡️
Read more »

Binance Margin Will Delist FIO, GNO, IRIS, MLN, WTC Trading Pairs From Isolated Margin | Binance SupportBinance Margin Will Delist FIO, GNO, IRIS, MLN, WTC Trading Pairs From Isolated Margin | Binance SupportFellow Binancians , Binance Margin will delist FIO, GNO, IRIS, MLN and WTC trading pairs from Isolated Margin at 2023-02-16 06:00 (UTC) . Isolated Margin Pairs: FIO/BTC, FIO/BUSD, FIO/USDT, G...
Read more »

Binance Tax launched to prepare crypto users for the tax seasonBinance Tax launched to prepare crypto users for the tax seasonThe current version of Binance Tax is operational only for Binance .com users in France and Canada, with other global regions to be added in the near future.
Read more »

Crypto Exchange Binance Introduces Tool for Calculating Taxes on TransactionsCrypto Exchange Binance Introduces Tool for Calculating Taxes on Transactions.binance has introduced a tool to help users calculate the tax obligations on their crypto transactions. By JamieCrawleyCD
Read more »

Binance to temporarily suspend bank transfers of U.S. dollarsBinance to temporarily suspend bank transfers of U.S. dollarsBinance, the world’s largest crypto exchange, said it would temporarily suspend deposits and withdrawals in U.S. dollars via bank accounts starting Wednesday.
Read more »



Render Time: 2025-02-22 23:42:22