Binance US Resumes USD Deposits and Withdrawals After Two-Year Pause

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📈 Preview On Today’s News:

1. - Binance US Resumes USD Deposits and Withdrawals After Two-Year Pause

2. - Japan Implements Groundbreaking Crypto Regulations for User Protection 

3. - SEC Drops Appeal Over Crypto Broker-Dealer Rules

Keep reading below for more!

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Today’s News:

1)

Binance US Resumes USD Deposits and Withdrawals After Two-Year Pause

Binance US has officially resumed USD deposits and withdrawals for the first time in two years, a move that follows the suspension of these services in June 2023 due to a US Securities and Exchange Commission (SEC) lawsuit alleging securities law violations. The feature will be gradually rolled out to all eligible customers in the coming days, with zero-fee deposits and withdrawals available through ACH bank transfers. Additionally, Binance US is introducing new platform features, including crypto staking, dust conversion, crypto domain claims, and OTC trading. Interim CEO Norman Reed expressed excitement about restoring fiat services, marking a significant milestone for the platform.

• Binance US has resumed USD deposits and withdrawals, suspended in June 2023 due to SEC allegations, with zero-fee ACH transfers and gradual rollout to all users.

• New platform features include crypto staking, dust conversion, crypto domain claims, and OTC trading, signaling a renewed push for growth under interim CEO Norman Reed.

2)

Japan Implements Groundbreaking Crypto Regulations for User Protection 

Japan's Financial Services Agency (FSA) has introduced comprehensive cryptocurrency regulations aimed at enhancing user protection and ensuring market stability. Triggered by the collapse of the FTX exchange, these measures include stricter rules on stablecoin reserves, restrictions on intermediaries holding user assets, and integration of crypto regulations into existing financial laws. These changes are designed to prevent fund commingling, increase transparency, and provide a safer environment for investors. Japan's proactive stance signals its commitment to a secure and mature digital asset ecosystem, setting a global benchmark for responsible crypto regulation.

• Japan's new crypto regulations focus on user protection, including strict stablecoin reserve requirements and restrictions on intermediaries holding user assets.

• These measures aim to enhance transparency, prevent fund commingling, and establish a safer investment environment, positioning Japan as a leader in responsible crypto regulation.

3)

SEC Drops Appeal Over Crypto Broker-Dealer Rules

The U.S. Securities and Exchange Commission (SEC) has withdrawn its appeal against a court ruling that blocked its attempt to regulate decentralized crypto protocols as broker-dealers. The decision followed a November ruling by a Texas federal judge, who stated that the SEC exceeded its authority by proposing a rule requiring crypto liquidity providers and automated market makers with over $50 million in capital to register as dealers. The SEC’s voluntary dismissal ends the legal dispute initiated by crypto advocacy groups, which argued that the rule was unenforceable for decentralized finance (DeFi) platforms. This development signals a significant regulatory shift as the SEC, under new leadership, reconsiders its approach to crypto oversight.

• The SEC withdrew its appeal against a ruling that blocked a proposed rule to regulate crypto liquidity providers and automated market makers as broker-dealers.

• This move concludes the legal battle initiated by crypto advocacy groups, reflecting a shift in the SEC's regulatory stance under new leadership.

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