Binance in the US has found a partner to buy cryptocurrency with dollars

Binance in the US has found a partner to buy cryptocurrency with dollars

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Author: Robert Strickland (crypto-journalist)
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Binance in the US has found a partner to buy cryptocurrency with dollars

US crypto exchange Binance will join MoonPay to allow customers to buy cryptocurrency with dollars



With MoonPay, cryptocurrency exchange users will be able to buy cryptocurrencies with dollars using bank cards, Apple Pay and Google Pay

Cryptocurrency exchange Binance.US (a separate division of Binance for the US market) has agreed to a partnership with MoonPay service, thanks to which they will be able to buy cryptocurrencies for dollars using bank cards, Apple Pay, and Google Pay, Bloomberg reports citing an email from the cryptocurrency exchange.

For more than a month, the cryptocurrency exchange's U.S. customers have been unable to deposit or withdraw dollars because several banking partners have severed their partnership with the crypto exchange. As a result of the partnership with MoonPay, Binance.US users will be able to buy Tether USD (USDT) and then use these stablecoins to purchase other cryptocurrencies, the publication specifies.

In June, the SEC filed a lawsuit against Binance and its head Changpeng Zhao for violating securities trading rules. The court document showed that the commission recognized the BNB token, as well as the BUSD stablecoin, which carries the exchange's brand, as securities.

The SEC also demanded the blocking of assets of Binance's U.S. unit. The exchange said the regulator's demand is unreasonable and had nothing to do with concern for user funds, which the SEC cited as the reason for the motion.

In August, the media reported that Changpeng Zhao wanted to close the crypto exchange Binance in the United States. The head of the site allegedly feared possible damage to the company and its customers due to regulatory pressure.

 

 

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