Binance will block American user accounts after 14 days

The cryptocurrency exchange Binance has entered the active phase of restricting access to its platform for users fromUSA, writes The Block.

Previously, users whose IP addresses belongto the US range, received notifications from the exchange that they needed to withdraw assets within 90 days. Recently, these clients began to receive new letters, according to which they are given 14 days to leave the platform.

“Please note that in accordance with ourwe cannot serve US residents. Register an account on the exchange of our partner, Binance US. You have 14 days to close all active positions and withdraw all your funds. If this is not done, your account will be blocked. Once locked, you will have to contact support for further assistance, ”writes Binance.

On the intention to stop serving AmericansBinance announced last year, but has not taken active measures to restrict their access until then. To trade on the platform, it was enough to select the "I am not American" option during registration.

“Binance takes the issue seriouslylegal compliance. We have procedures in place to disable users if we suspect they are in the United States or violate our policies. This is an existing measure of control, not something new, ”added the company.

</p>