Binance Activity Floods the Crypto News Wires
On Friday, Binance.US announced the resolution to the USD withdrawal issue, saying,
“We’re pleased to share that as of today, we have worked with our banking partners to successfully resolve nearly all delayed USD withdrawal requests.”
Binance CEO CZ shared the news, saying,
“Binance.US resolves USD withdrawal issue but warns it won’t last long.”
The CZ comment came in response to Binance.US warning they expect their banking partners to discontinue the USD withdrawal service soon.
While Binance.US provided users with a short-term fix, Belgium’s Financial Services and Markets Authority (FSMA) issued Binance with an order to cease crypto services in Belgium, saying,
“The FSMA has noted that Binance is offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are not members of the European Economic Area. The FSMA has therefore ordered Binance to cease, with immediate effect, offering or providing any and all such services in Belgium.”
While Binance faces increased scrutiny in Europe, the SEC case against Binance.US, Binance, and CZ will remain a focal point. On Friday, news hit the wires of Binance adding Kendall Day, a former US Department of Justice prosecutor, to its legal team to face off against the SEC.
Earlier this month, Binance added George Canellos to its defense team. Canellos is a former Chief of the Major Crimes Unit in the US Attorney’s Office for the Southern District of New York, former head of the SEC’s New York Office, and former SEC Enforcement Division co-director.
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