Binance.US, one of the largest cryptocurrency exchanges, announced that it will temporarily halt deposits following a SEC notice earlier today. The regulatory body has raised concerns about the company’s compliance with securities laws and regulations.
In a statement, Binance.US explained that they are taking this action in order to comply with the SEC’s request for additional information and to ensure the safety of their users’ funds. The company also assured that there will be no impact on withdrawals and that trading will continue as usual.
This latest development comes as the regulatory environment for cryptocurrencies in the United States continues to evolve. As per Indian cultural sensibilities, it is reminiscent of the Google Fiber story where initial hiccups did not deter the company from achieving its goal of providing high-speed internet to more users. |
