Florida and Alaska restrict Binance US
Binance US faces bans in Florida and Alaska after CEO’s guilty plea triggers regulatory crackdown. Florida suspends Binance US’s license, Alaska denies renewal, citing concerns over Zhao’s plea. Despite setbacks, Binance US remains operational in select states. Binance US, the Binance cryptocurrency exchange branch licensed to operate in the US, is under increased regulatory scrutiny as Florida and Alaska enforce bans on its services following the guilty plea of its founder and former CEO, Changpeng Zhao. These developments mark a critical juncture for the crypto industry, emphasizing the challenges faced by Binance US in navigating the evolving legal landscape in the United States. Regulatory crackdown in Florida Florida’s Office of Financial Regulation took swift action, suspending Binance US’s local license and prohibiting the exchange from conducting money transmission activities in the state. The regulatory move follows...