- Binance.US urged its customers to withdraw cash from the crypto exchange in a recent notice.
- It said its partner banks are preparing to shut off fiat withdrawal channels.
- The moves are part of an “ideological campaign” against the US crypto industry, Binance said.
Binance’s US arm is urging its customers to withdraw their cash from the crypto exchange by next week, as the Securities and Exchange Commission tightens the screws in its “ideological campaign” against the industry.
In a tweet Thursday evening, Binance.US alerted customers that its banking partners would be shutting off withdrawal by June 13, which could prevent the exchange from accepting deposits or issuing withdrawals in US dollars.
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