Binance will indefinitely pause all dollar withdrawals

The cryptocurrency exchange no longer accepts USD deposits and denounces an attack by US regulators.

The world of cryptocurrencies continues to suffer setbacks after a 2022 to forget.

Binance, the largest cryptocurrency exchange, has indefinitely paused deposits and will do the same for US dollar withdrawals.

This comes days after US regulators sued the exchange “for willfully evading US law.”

What does Binance say?

On Twitter, the Binance account in the United States assured that the Securities and Exchange Commission (SEC) “has taken extremely aggressive and intimidating measures in its ideological campaign against the digital goods industry in the United States” .

For this reason, Binance assures that it suspended withdrawals of US dollars (USD) immediately, in addition to announcing that on June 13 it will do the same with withdrawals in the most used currency in the world.

At the same time, Binance says that it maintains reserves to back all of its clients’ assets.

Binance indicates that this is one more step in its transition to becoming an exclusive cryptocurrency exchange.