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Binance.US suspends USD deposits, pausing fiat withdrawal channels By Reuters

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© Reuters. FILE PHOTO: Binance logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/

(Reuters) – Binance.US on Thursday said the company is suspending USD deposits while notifying customers that their banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13.

The move comes as the U.S. financial regulators supported a freeze on the cryptocurrency exchange’s assets earlier in the day.

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