Topic: Binance to block US customers - page 2. (Read 771 times)
Binance blocking US users to use its platform for trading is a significant evemt that will surely have an impact for the US users due to the fact that most trading were from US. On the other side, Binance is planning to setup a US dedicated platform that might benefited US users. Let's wait for this update.
I understand that their "normal" exchange bans users from us caused of the strict laws.
But i don't understand why a "dex" bans users... ok but same with cryptobridge. all DEX which restrict some users cause of their ip arent real dex to me...
Would you want them to suffer the consequences of going against the US laws by providing services to the US residents?But i don't understand why a "dex" bans users... ok but same with cryptobridge. all DEX which restrict some users cause of their ip arent real dex to me...
The US government does not give a fuck whether it's a DEX or a centralized exchange. They will sue you.
I support Binance on this.
Anyone elese expecting shitcoins to crash by a lot? A lot of people don't even know where to hodl X or Y altcoin/token since most of them rely on Binance to be the "main" wallet for their portfolio (you can still access your coins, but you won't be able to sell, so why hodl on Binance?). I believe some people will move to another exchange, but some others will definitely dump their coins because they don't trust "shady" exchanges.
The new US-friendly Binance platform will most likely not allow the same cryptos they had before so, kinda like checkmate to shitcoins since it'll be Coinbase 2.0.
What a world we live in, exchanges blocking US residents, while corporate coins (JPM coin and FB coin, both US based companies) are about to get launched
The new US-friendly Binance platform will most likely not allow the same cryptos they had before so, kinda like checkmate to shitcoins since it'll be Coinbase 2.0.
This is sort of shock to hear but not surprising I think due to bitrex doing it for 32 cryptocurrencies a little while ago
https://cointelegraph.com/news/crypto-exchange-bittrex-to-block-us-users-from-trading-in-32-cryptos
Wow! Didn't know about this...Shitcoins and worthless tokens on suicide watch https://cointelegraph.com/news/crypto-exchange-bittrex-to-block-us-users-from-trading-in-32-cryptos
What a world we live in, exchanges blocking US residents, while corporate coins (JPM coin and FB coin, both US based companies) are about to get launched
It's not a bad move by them if they want to make different platforms to tackle different laws. Each platform will have its own TOS and will probably share their database with local law enforcement. It's good because they won't be risking raids on their main platform when a local legislator has a problem with their local exchange.
It's safer for them.
It's safer for them.
I think in the coming time the SEC will have to make clear rules about crypto and it will be easier.
They will not. These government bodies thrive on uncertainties because it makes shutting down sites and services much easier. If they're clear with their rules they basically become obsolete because most businesses will follow them. Just look at how unclear the IRS (or basically any other tax agency) is with its rules. It's kept like that for a reason.
It's a shame that a country stating to be the country of freedom does everything it can to choke anything it deems a potential threat. Fuck this. Business will move elsewhere eventually. I'm so glad that I'm in Europe despite all the problems here. The banking system here works more efficiently and cheaper too.
Coinbase has done everything it needed to do the right way and pretty early on too. Thumbs up for being smart business-wise.
As far as I know they will create a separate Binance entity for US based customers. So they are not going to Block US customers, but will have a separate trading platform to comply with US regulators. We all know that US has been at the heal of many exchanges now and sure Binance got the message months or even years ago that's why they have to have a contingency plan. Do you think they will go and not cater US? This is business and we all know that CZ won't simply allow that. Crypto sphere is evolving, that's why everyone involves get needs to adapt and that's what Binance is doing. "Adapt or die". So don't consider this as bad news, nothing to worry about.
Binance, the largest exchange by volume is now going to leave behind it's US based customers. Anyone verified as US citizen won't be able to trade while the IP from US would be blocked by default effective from 12th September, 2019.
Binance Dex is also blocking US IPs.
https://www.theblockcrypto.com/2019/06/14/us-customers-to-be-blocked-from-trading-on-binance-com/
Binance Dex is also blocking US IPs.
https://www.theblockcrypto.com/2019/06/14/us-customers-to-be-blocked-from-trading-on-binance-com/
Thats bad news for everyone.A major platform stop supporting to large market and million of traders.That surely will impact on market.But they have the time until 12th September 2019.Its time change your platform US users.You can login some ways.But don't use those ways.There are security risks.Using 3rd is not a good idea.Your account will get robbed.
Binance, the largest exchange by volume is now going to leave behind it's US based customers. Anyone verified as US citizen won't be able to trade while the IP from US would be blocked by default effective from 12th September, 2019.
Binance Dex is also blocking US IPs.
https://www.theblockcrypto.com/2019/06/14/us-customers-to-be-blocked-from-trading-on-binance-com/
I think binance has a special reason to prohibit US citizens from trading. we know that if the US is one of the countries with large crypto use, I hope the trading volume will not be disrupted by the ban for US countries.Binance Dex is also blocking US IPs.
https://www.theblockcrypto.com/2019/06/14/us-customers-to-be-blocked-from-trading-on-binance-com/
Binance, the largest exchange by volume is now going to leave behind it's US based customers. Anyone verified as US citizen won't be able to trade while the IP from US would be blocked by default effective from 12th September, 2019.
Binance Dex is also blocking US IPs.
https://www.theblockcrypto.com/2019/06/14/us-customers-to-be-blocked-from-trading-on-binance-com/
I think binance has a special reason to prohibit US citizens from trading. we know that if the US is one of the countries with large crypto use, I hope the trading volume will not be disrupted by the ban for US countries. Binance Dex is also blocking US IPs.
https://www.theblockcrypto.com/2019/06/14/us-customers-to-be-blocked-from-trading-on-binance-com/
It seems like there are a lot of misunderstandings here, I also heard this information because Binance is developing for a special exchange for USA residents.
Approximately within 3 months. Just join the telegram group (https://t.me/binanceexchange) and search for the keyword "Binance.us"
Approximately within 3 months. Just join the telegram group (https://t.me/binanceexchange) and search for the keyword "Binance.us"
apparently this news has had a good impact on the price of the BNB token, for today -9% I hope it will soon be decided for the better, many users will simply leave.
At first I thought this was a rumour but now it’s confirmed that Binance is indeed closing it’s door for US customers, and now US customers will be able to use Binance US to use their services. This has created lots of confusion in people’s minds, but it’s been clarified they need to do this to be in compliance of US laws. If you’re from US do not worry as you’ll be able to use their services on Binance US.
Thank you for bringing more clarity to the announcement, but it is still unsettling news.
This is disconcerting news.
I think binance do the right thing, because its not good for big exchanger like binance to let people from strict regulation like US to use their support, it can hit back binance or any exchanger someday if they still let that peoples
Binance, the largest exchange by volume is now going to leave behind it's US based customers. Anyone verified as US citizen won't be able to trade while the IP from US would be blocked by default effective from 12th September, 2019.
Binance Dex is also blocking US IPs.
https://www.theblockcrypto.com/2019/06/14/us-customers-to-be-blocked-from-trading-on-binance-com/
Binance Dex is also blocking US IPs.
https://www.theblockcrypto.com/2019/06/14/us-customers-to-be-blocked-from-trading-on-binance-com/
At first I thought this was a rumour but now it’s confirmed that Binance is indeed closing it’s door for US customers, and now US customers will be able to use Binance US to use their services. This has created lots of confusion in people’s minds, but it’s been clarified they need to do this to be in compliance of US laws. If you’re from US do not worry as you’ll be able to use their services on Binance US.
Link: https://www.cryptoglobe.com/latest/2019/06/binance-u-s-to-launch-as-binance-com-bans-u-s-residents-cryptocompare-launches-new-benchmark-tool-to-rank-exchange-legitimacy/
This is sort of shock to hear but not surprising I think due to bitrex doing it for 32 cryptocurrencies a little while ago
https://cointelegraph.com/news/crypto-exchange-bittrex-to-block-us-users-from-trading-in-32-cryptos
And now the other major crypto news media outlets are reporting the exact same thing. So it is official for binance to cease serving us based customer in the 4th quarter of the year.
https://www.coindesk.com/binance-exchange-to-block-crypto-trading-for-u-s-customers
https://techcrunch.com/2019/06/14/binance-begins-to-restrict-us-customers
Very bad for these customers who have used them during the years with performing their cryptocurrency exchanges on their platform.
https://cointelegraph.com/news/crypto-exchange-bittrex-to-block-us-users-from-trading-in-32-cryptos
And now the other major crypto news media outlets are reporting the exact same thing. So it is official for binance to cease serving us based customer in the 4th quarter of the year.
https://www.coindesk.com/binance-exchange-to-block-crypto-trading-for-u-s-customers
https://techcrunch.com/2019/06/14/binance-begins-to-restrict-us-customers
Very bad for these customers who have used them during the years with performing their cryptocurrency exchanges on their platform.
When we expect crypto going to stable very soon but the fact is it's difficult to see it happen.
Yes, crypto have their own way for being exist in this world.
When people prefer something more risky but in other side, people also make the warning of it !
Yes, crypto have their own way for being exist in this world.
When people prefer something more risky but in other side, people also make the warning of it !
US are always excluded in most ICO. I guess the law says so which is probably the reason they now block US customers. But this is it! We've considered the exchange as an authority to the crypto market now they can dictate where we can go from here. Is there DEX asking for KYC? If not then there is your solution. Must be part of the plan to add volume to the DEX.
But why? US, according to the chart is giving them the most traffic so far and banning them doesn't make sense to me. I know I'm lacking information so I hope someone would fill us with this topic.
Most probably because US has strict laws regarding cryptocurrency and when you get into the US money laundering or tax accusation, you're f**ked.
That's why most of ICO's and exchanges blocks them. And they are particulary not happy when foreign company deals with their citizen without their consent.
Every business are afraid of US. Wherever you stay or operate, US is going to f**k you anyway.
like what happend in the poker boom when alot of sites started blocking us customers , and it affected the volume alot, this will happen again, this is not a good thing for binance watch and see they volume plummet.
But why? US, according to the chart is giving them the most traffic so far and banning them doesn't make sense to me. I know I'm lacking information so I hope someone would fill us with this topic.
This is what I want to know. As far as I know since Binance doesn't use fiat (specifically USD) on their site and they are not based in the US then the regulatory laws in the US should not affect them.
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