Binance exchange started blocking users from the USA

Binance cryptocurrency exchange has started blocking user accounts from the United States

As reported by The Block, in an email, the company recommends that they withdraw assets within 90 days. Previously, American customers of Binance indicated during registration that they were not related to the United States.

According to media reports, the exchange now sends out emails based on their IP addresses. The company said in a statement: “Due to regulatory requirements, we cannot provide services to US citizens or residents.”

Binance invites US customers to switch to Binance US or other US platforms. The decision to block Binance accounts was made after US regulators accused the top management of the BitMEX cryptocurrency derivatives exchange of running an unregistered trading platform and violating the rules of the Futures Trading Commission.