Binance has started blocking U.S. users from accessing its platform, and requesting them to withdraw all funds within the next 90 days.
Binance’s move is not a surprise because Binance first announced in July 2019 that it would stop serving U.S. residents from September.
Binance US was launched in September 2019.
Until now, the exchange was efficiently allowing U.S. users to access its platform. But now, U.S. residents had to click “I’m not [American]” to set up an account on Binance.com. It remains possible to create an account in this fashion.
Binance stated in an email sent to the US-based users:
“We noted your account may be associated with the U.S. due to an IP address you connected from in the past. In-line with regulatory requirements, we are unable to provide services to U.S. citizens or residents”.
the email continues:
“If you are a U.S. citizen or resident, please transfer your assets out of your account within 90 days. You may consider using Binance U.S. or other U.S. platforms”.
