Crypto exchange Binance will suspend U.S. dollar transfers
Zhao Changpeng, founder and chief executive officer of Binance, attends a conference at Porte de Versailles exhibition center in Paris, France June 16, 2022. Benoit Tessier | Reuters Binance, the world's largest crypto exchange , will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. "We are temporarily suspend ing USD bank transfers as of February 8th," a Binance spokesperson told CNBC. "Affected customers are being notified directly." The company said "0.01% of our monthly active users leverage USD bank transfers ," and added that "we are working hard to restart service as soon as possible." Binance US, a unit of the company that's regulated by the Treasury Department's Financial Crimes Enforcement Network (FinCEN), said in a tweet that it's not impacted by the suspension. Thus, the move applies only to non-U.S. customers who transfer money to or from bank ...