Binance Will Temporarily Suspend US Dollar Bank Transfers starting from Wednesday
Source:
https://decrypt.co/120678/binance-suspends-us-dollar-bank-transfersThough its no something major in terms of revenue and userbase of Binance USA clients as said by them ,
Is this something indicative according to you...
Does it has to do with SEC being investigating all the Binance activities in regards to involved in some kind of illicit activities..
Share your opinion..
The only issue I have with this news is that Binance didn't give any reason for this suspension. They would have told their customers the reason but everyone is suspecting an SEC investigation. There are also speculations that it was because of the company's faceoff with a leading banking partner. But the number of customers affected according to the exchange firm is insignificant, maybe 0.01%. Most Binance operations are still available and this news only affects customers in the US. I don't think it is a major threat.