Binance.US customers will no longer be able to use U.S. dollars to buy cryptocurrency on the platform after payment and Banking partners “signaled their intent to pause USD fiat channels,” the Exchange said. Binance blamed this on the U.S. Securities and Exchange Commission’s “unjustified civil claims against our business.” The exchange’s banking transactions are the center of immense scrutiny by the SEC, which filed a civil complaint against the exchange and its founder, Changpeng Zhao, alleging both violated U.S. securities laws. Binance’s disclosed U.S. banking partners processed billions of dollars in transactions for the U.S. exchange, according to documents Binance provided to the SEC.

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