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Binance has blocked US users from accessing its main site due to tightening US regulatory policies

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U.S. citizens or residents need to transfer assets out of the account within 90 days

Rhythm BlockBeats news, on November 10, according to foreign media The Block, Binance has issued reminders to users in the United States and blocked local users from accessing the Binance main site. As previously reported, Binance first announced in 2019 that it would stop serving U.S. residents from September of that year.

Binance is sending emails to US residents based on their IP address, which appears to reinforce a previously announced response to this An important step in the blocking of class users. According to the content of one such email sent on Sunday and obtained by The Block: "We have come to the attention that due to the IP address from which you have previously connected, your account may be associated with the United States. Provide services." "If you are a US citizen or resident, please transfer your assets out of your account within 90 days. You may consider using Binance.US or other US platforms."

Binance’s move may be related to the recent frequent regulatory actions in the United States. Shortly after the US government launched two legal proceedings against the encrypted derivatives trading platform BitMEX, Binance took that action. The U.S. Department of Justice and the Commodity Futures Trading Commission recently charged BitMEX and its founders with violating KYC and anti-money laundering regulations, among other charges. In light of this situation, BitMEX has accelerated its KYC program, requiring all customers to be verified by November 5th, three months earlier than the originally scheduled February 2021 date.

BitMEX’s competitor Deribit will also require all users to verify by the end of this year, currently Deribit is already based on IP address US residents are blocked.