Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: mlawson71 on November 12, 2020, 02:17:53 PM
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Binance, which is among the largest crypto exchanges in the world, announced that it will begin blocking American clients from its main platform. All clients in that jurisdiction have 90 days to withdraw their money.
The exchange will enforce this rule by blocking people based on their IP-address. American clients who click on the “I’m not American” box in the registration form will receive the following email:
We noted your account may be associated with the U.S. due to an IP address you connected from in the past. In-line with regulatory requirements, we are unable to provide services to U.S. citizens or residents”.
Binance has been hinting at these intentions for over a year now, apparently
Source (https://theforexreview.com/2020/11/10/binance-blocks-us-customers-from-its-main-platform/)
I wonder why they did that and whether there will be other US exchanges that will do that.