8/18/2023 0 Comments Binance crypto deposit timeThe company has warned that its operations will “grind to a halt” if a US judge grants the regulator’s request for an asset freezing order. Separately, the company’s US platform, Binance.US, which is owned by its chief executive, Changpeng Zhao, is in talks with the SEC to avoid a total asset freeze. We continue to work closely with regulators and law enforcement agencies on all ongoing compliance requirements to uphold high standards,” said the spokesperson.īinance is under pressure from regulators in the US and is being sued by the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission after allegations of trading in crypto assets and derivatives without the appropriate regulatory approval. Binance, as always, was fully collaborative and we met our obligations accordingly. “We had an on-site visit last week by the relevant authorities. Once the transfer is processed, the funds will be credited to your Binance account shortly after. The confirmation time varies depending on the blockchain and its current network traffic. Securities and Exchange Commission to ensure that U.S. After confirming the deposit request, it takes time for the transaction to be confirmed. Binance was registered with France’s Financial Markets Authority in May 2022.Ī Binance spokesperson confirmed that the company had been visited by French authorities last week. June 17 (Reuters) - Binance, the worlds biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. In France, Le Monde newspaper reported that prosecutors were investigating Binance because of its anti-money laundering procedures and the fact that it advertised its services in the country before it was registered with the financial markets regulator. Binance has suffered setbacks in two European markets after it announced plans to quit the Netherlands and came under investigation by French. It advised users in the Netherlands to withdraw funds from their accounts. Binance Deposit time Some friends have told me it can take up to a week to deposit money into their Binance account and actually be able to use this money to actually buy anything they'd like. A spokesperson for the company said: “Binance has been in a comprehensive registration application process as a virtual asset service provider (Vasp) with the Dutch regulator … Unfortunately, this has not resulted in a Vasp registration in the Netherlands at this time.”īinance said that from 17 July, Dutch residents would only be able to withdraw their assets from the platform and further trading or deposits would not be possible.
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