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Binance US drops FDIC insurance amid regulatory pressure

Posted on 10/18/2023

Binance US drops FDIC insurance amid regulatory pressure

Cryptocurrency exchange Binance US has withdrawn FDIC insurance for user funds. The exchange faces regulatory heat from the US Securities and Exchange Commission (SEC). The SEC lawsuit ramifications are spilling over. In a significant policy change, Binance US, the American arm of the global cryptocurrency exchange Binance, has revoked FDIC insurance coverage for user funds. […]

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