US Customers To Be Blocked From Binance Before The New Exchange Is Ready


Binance was recently in the spotlight after the KYC data was hacked, and the info has been uploaded into a Telegram Group that’s called “Find Your Binance KYC.”

There are more images of people holding their IDs for the exchange’s verification process which have been posted in Telegram groups. As expected, this triggered a huge panic among users.

Binance.com to block US customers

Now, Binance CEO Changpeng Zhao said that the exchange Binance.com would block the US customers before the new exchange Binance US is ready for launch.

During a brand new interview with Cheddar, Zhao said that Binance US will not be open for a month or two and meanwhile the US customers will be blocked from the global exchange on September 12th.

Zhao says it’s still too early to put an exact date on when the new exchange will launch.

“I don’t want to promise any fixed dates, but there’s a lot of work being done and there’s a lot of things going on in flux, but I would say in a month or two…” he said.

He continued and said: “I think the US is one of the most developed markets because I think it has good regulations in the traditional finance space. Crypto is a new thing, and for new things, the US is a big country and with a lot of regulatory bodies and a very large market… in a large market it is harder to regulate.”

Following September 12th, US users in 50 states will not be able to trade on Binance.com. they will still be able to withdraw their crypto.

Changpeng Zhao makes an important prediction

In other news, CZ revealed a huge prediction.

Zhao says he wants to hand the wheel of company’s centralized crypto exchange to someone new, but this is not set to happen anytime soon.

He has quite an impressive prediction about the crypto market – he said that it still has 1000x to grow.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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