Binance to temporarily suspend U.S. dollar bank transfers

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Binance to temporarily suspend U.S. dollar bank transfers
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In late January, Binance announced trouble in a number of countries with U.S. dollar transactions.

The largest crypto exchange in the world is temporarily suspending U.S. dollar withdrawals and deposits starting on Feb. 8, the company confirmed to Axios.

According to a Binance spokesperson, dollar bank transfers are used by 0.01% of its monthly active users.Transfers in other national currencies still work, as do credit, debit cards and of course making deposits and withdrawals using stablecoins.

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