{"id":3077,"date":"2023-06-09T13:11:31","date_gmt":"2023-06-09T11:11:31","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=3077"},"modified":"2023-06-09T13:11:31","modified_gmt":"2023-06-09T11:11:31","slug":"binance-us-halts-trading-in-dollars","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=3077","title":{"rendered":"Binance US halts trading in dollars"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Binance US, the American arm of the world&#8217;s largest crypto exchange, said it would no longer allow customers to trade on its platform using US dollars, after its banking partners cut the firm off in response to a crackdown by regulators.<\/p>\n<p>In a message to customers, Binance US said it was &#8220;taking necessary actions as we transition to a crypto-only exchange.&#8221;<\/p>\n<p>The exchange added that it was facing &#8220;extremely aggressive and intimidating tactics&#8221; from the Securities and Exchange Commission.<\/p>\n<p>The announcement comes after the SEC sued Binance on Monday, accusing the firm and its CEO Changpeng Zhao of mishandling customer funds and lying to regulators. <\/p>\n<p>The SEC further asked a federal judge in Washington to freeze assets related to US-based customers of Binance, citing &#8220;the defendants&#8217; years of violative conduct.&#8221;<\/p>\n<p>Binance US said it was suspending deposits of US dollars and urged users to withdraw any dollars they have been storing on the exchange by June 13.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance US, the American arm of the world&#8217;s largest crypto exchange, said it would no longer allow customers to trade on its platform using US dollars, after its banking partners cut the firm off in response to a crackdown by regulators. In a message to customers, Binance US said it was &#8220;taking necessary actions as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-3077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3077"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/3078"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}