One of the largest cryptocurrency exchanges in the world, Binance, was prevented from serving its customers located in Florida and Alaska, according to information published by Finbold, on January 26.
According to the publication, Binance.US, Binance’s subsidiary in the USA, suffered a crackdown in Florida and Alaska and, as a result, will no longer be able to offer services to customers who live in these states.
The Florida financial watchdog suspended the local license obtained by the exchange Binance. The Office of Financial Regulation took action after the company’s former CEO and founder, Changpeng Zhao (CZ), admitted in court to anti-money laundering violations.
It is worth remembering that the repression in the states takes place while Binance faces an ongoing lawsuit against the US Securities and Exchange Commission (SEC), as well as undergoing a lot of pressure and regulatory scrutiny in others, such as the United States, where it had to make a US$4.3 billion settlement to settle a lawsuit, and in India, where there was regulatory repression.
Binance, one of the world’s largest cryptocurrency exchange platforms, has taken an innovative approach to bypass restrictions in India. Faced with an intensified regulatory crackdown, Binance has reportedly created alternative URLs to allow Indian customers to access the platform without the need for a VPN. Crypto influencer Keyur Rohit highlighted this move in a post on social media platform X.
Rohit shared screenshots of the Binance verification, confirming that the two new URLs are legitimate websites linked to the cryptocurrency exchange. In a dialogue shared by Rohit, a Binance customer service representative advised a user to access the platform by changing the ‘.com’ extension to ‘.me’ or ‘.info’. In another interaction, it is confirmed that these sites are safe to use. Thus, reinforcing Binance’s intention to maintain the accessibility of its services to Indian users.
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