![]() “Pay eliminates the complexities of transferring crypto to contacts as users no longer need to enter a complex deposit or withdrawal address, pay gas fees, or wait an unspecified amount of time for transactions to successfully settle,” the company said.īinance users will be able to use the feature immediately, and the exchange is also working on a web version.The Securities and Exchange Commission today filed an emergency action application seeking a temporary restraining order freezing assets, directing defendants to repatriate assets held for the benefit of customers of the Binance.US crypto trading platform, and seeking other emergency relief against Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and their founder, Changpeng Zhao, to ensure that Binance.US customers’ assets are protected and remain in the United States through the resolution of the SEC’s pending litigation of this matter.Īs part of the SEC’s emergency motion, the SEC seeks (1) an order to show cause why a preliminary injunction should not be granted as to the defendants (2) an order freezing the assets of BAM Management (3) an order directing the defendants to repatriate assets held for the benefit of BAM Trading's or BAM Management’s (together “BAM”) customers (4) an order for other relief concerning the custody and control of BAM customers’ assets (5) an order prohibiting the destruction of records by the defendants (6) an order requiring sworn accountings of certain assets from the defendants (7) an order authorizing expedited discovery from the defendants and (8) an order granting alternate means of service. Binance. The CFTC alleges that Binance traded in crypto-related derivatives with US-based customers despite not having regulatory permission and despite having said in 2019 that it would no longer serve US. The exchange recently eliminated trading fees for both bitcoin (BTC) and ethereum (ETH) in an effort to attract more users during a time when crypto trading volume is low. arm of cryptocurrency exchange Binance is struggling to find a bank to handle its customers cash after the failure of Signature Bank last month, the Wall Street. Follow Binance News to stay on top of industry trends & news. Crypto Exchange Binance Introduces Payments Service for US Customers. At the time, Binance founder and CEO Changpeng “CZ” Zhao said payments is one of the "most obvious use cases for crypto."īinance Pay allows users to send, request and receive almost 150 different cryptocurrencies from other users, enabling instant, zero-cost crypto transfers. U.S.-based customers of Binance are now able to use the cryp. ![]() since it was first launched in February, 2021. Here’s the deal: The CFTC alleges that Binance and its CEO violated US trading laws by, among other things, secretly coaching VIP customers within the United States on how to evade. The feature has been available to Binance clients outside the U.S. Only Binance.US employees will be able to access any of its customers private wallet keys amid an ongoing SEC lawsuit accusing Binance of mishandling. ![]() ![]() Get our morning and afternoon news emails, free app or. U.S.-based customers of Binance are now able to use the crypto exchange’s payments system, Binance Pay, to send money on their mobile app. Regulator says Binance must cease trading by 21 April after it incorrectly classified hundreds of retail customers as wholesale investors. ![]()
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