Crypto exchange Binance will suspend US dollar transfers. Binance, a leading cryptocurrency exchange, has recently announced that it will temporarily suspend USD bank transfers starting February 8th. The company has stated that the suspension will only affect a small percentage of its monthly active users who leverage USD bank transfers and that affected customers will be notified directly. Despite this disruption, Binance US, a subsidiary of Binance that is regulated by the Financial Crimes Enforcement Network of the Treasury Department, will not be impacted and customers in the United States can continue to use the platform without any interruptions. Binance is a leading cryptocurrency exchange that has gained popularity among traders and investors for its fast and secure trading, low fees, and wide selection of cryptocurrencies. Despite its reputation for being user-friendly and having a supportive community, the recent announcement of the temporary suspension of USD bank transfers has created some uncertainty in the market. This has resulted in a decline in the price of Binance's native token, BNB. However, the company has reassured its customers that it is working diligently to restore the service as soon as possible and remains committed to providing a secure and transparent platform for cryptocurrency trading. It is not possible to predict the exact impact that this suspension will have on bnb price. However, the company's efforts to provide alternative payment options and its commitment to providing a secure and transparent platform may help to restore market confidence and potentially have a positive impact on the price of BNB in the future. It is important to note that Binance US is known for its strict compliance with regulations and its commitment to providing a secure and transparent platform for cryptocurrency trading. This gives customers in the United States confidence in the platform and provides a stable environment for trading and investing in digital assets. Binance has stated that despite the temporary suspension of USD bank transfers, customers can still utilize other fiat currencies or alternative payment methods to purchase cryptocurrencies. The company has assured its customers that it is working on finding a new partner to offer USD bank transfer services to the small number of users affected by the suspension, and plans to announce this partnership within the next few weeks. This provides customers with continued access to the platform and the ability to trade and invest in digital assets.
China has already committed a large military hardware transaction with the Russians, in order to off-set the German hardware (Leopard IIs) that Ukraine is having delivered to play with. The ante keeps being upped, and now the west is already technically entering into a proxy-war against China, regardless if it's a hot-war or not. If this thing continues to grow out of control (which is EXACTLY what happened in World War I), and it looks like it will continue to do so here... I don't think Binance will be taking USD for anything soon PERIOD. Even if CZ wanted to... So think now hard on what you expect the BNB price to do on the horizon.