The answer is no, it isnt. Some exchanges choose to just ban users from that state, Wright explains, though the BitLicense laws broad language makes it difficult to enforce in the wake of cryptocurrencys explosion. Its important to note that Binance states its against the terms of use for US residents to access it using a VPN, so theres a risk your account may be suspended.In 2019, Binance was banned in the United States on regulatory grounds. The name Binance is a mashup of the words 'binary' and 'finance'. But with so much scams ppl wouldnt b down ik i for sure would pay a fee if i can get some bitcoin sent to my yrust wallet. Fuck New York. That answers your question why is Binance not available in New York but raises another one then why doesnt the company, or its American branch Binance.US, just acquire this license? There are a multitude of factors to take into consideration: fees, fiat onramps . Binance.com does not operate in the US, nor do we have US-based customers, however we appreciate the senators request and will provide information to help them better understand why we remain the most trusted platform with users across the globe.. Press question mark to learn the rest of the keyboard shortcuts. The letter, addressed to Binance.US President Brian Shroder and Binance Chief Executive Officer Changpeng CZ Zhao, citedrecent Reuters reportingthat cast doubt on the extent to which the two entities were really independent of each other. 4 Best Binance Alternatives for 2023 Benzinga Binance.US is not available in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, or Vermont. Binance Can't Keep Its Story Straight on Misplaced $1.8B USDC Amazing News! As of March 2021, Binance is not available to any customers living in New York. It does not offer fiat-to-crypto or crypto-to-fiat pairs. The senators letter cited investigations into criminal sanctions evasion, money laundering conspiracy, unlicensed money transmission, questions about its financial health, and increased scrutiny over its intentionally opaque corporate structure.. In September of 2019, the famous cryptocurrency exchange launched an office in the United States. Binance.US plan to gradually add more coins to the system as they fall into place with the requirements of Digital Asset Management. This is a business license introduced in 2014 and its for virtual currency activities that regulate companies according to the New York State Department of Financial Services policies.
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