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The US binance announces the restoration of deposits and selections from US dollars (USD) and ends 18 months of suspending its services. This reactivation occurs, while the regulatory frame for cryptocurrencies is clarified in the United States.
Binance re -entitles us transactions dollars
19 February 2025 Binance US announced the full reactivation of its services in US dollars. American customers can now carry out deposits and withdrawals via banking transfers (ACH), negotiate couples in USD and connect their bank accounts to the platform. The deployment will be gradually, which will allow all eligible customers to access these services “in the coming days”.
This recovery is the main turning point for the stock market that suspended these services in June 2023, after the proceedings initiated by the SEC. At that time, Binance US was forced to limit its operations in the face of what society had called “extremely aggressive and intimidating tactics” by the regulatory body.
The initial suspension led to the temporary relocation as “exclusively crypto scholarship”, which significantly limited its services to American users.
Evolution in Peace Regulatory Context
This reactivation of services comes after the hectic period for binance. In November 2023, the stock exchange agreed to pay a record penalty of $ 4.3 billion for violations of Anti-Whiteness law, an agreement that originally required a “total withdrawal from the United States”.
The situation on the regulatory queue seems to improve. The negotiations with the SEC have actually advanced, as evidenced by the recent suspension of 60 days of court proceedings, indicating the possibility of agreement.
Under the leadership of Richard Teng, followed by ChangPeng Zhao (CZ), binance was taken by regulatory observance. It seems that this approach bears fruit, allowing the platform to gradually renew its services while maintaining its dominant position in the ecosystem.
In short, the restoration of USD services in Binance USA represents a decisive step in harmonizing relations between actors Krypto and the US authorities. This progress combined with the effort of Suchý to create a brighter regulatory framework indicates a period of reinforced stability for the entire crypto sector in the United States.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.