Binance.US suspends USD deposits, pausing fiat withdrawal channels

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The move comes as the U.S. financial regulators supported a freeze on Binance’s assets earlier in the day.

The U.S. Securities and Exchange Commission’s take on cryptocurrency is “extremely aggressive and intimidating, Binance.US said in a tweet, adding that it has created challenges between the exchange and its banking partners.

Trading, staking, deposits and withdrawals in crypto would remain fully operational, Binance.US said in a notice to its customers.