The announcement from Binance states that "As part of our continuing compliance efforts, Binance constantly reviews user accounts to improve our platform security and to comply with global compliance requirements."
The crackdown comes just one day after the announcement that Binance will be launching an independent exchange for US traders, which will partner with BAM Trading Services, a FinCEN approved company. The tems of use most likely focuses mostly on US accounts, who will be expected to move over to the US based Binance exchange when it launches.
It appears Binance are taking more steps to regulate their exchanges and rather than fight governments, rather work with them.
what a fucking disgrace https://t.co/TMhL2HD4D0— Beastlorion (@Beastlyorion) June 14, 2019
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