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Binance to block customers in the United States from trading, plans to launch Binance.US “soon”

Binance, the world’s biggest cryptocurrency exchange by trading volume, announced a partnership with BAM Trading Services to open a US-based division since according to a recent update in its Terms of Use it “is unable to provide services to any US person.”

CZ: “Short term pains necessary for long term gains”

Binance CEO Changpeng Zhao announced on Twitter that it will soon be blocking new jurisdictions including all U.S. visitors from trading on Binance.com.

There will be a few restrictions on https://t.co/9rMMAmtCxH accompanying this. But some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain. https://t.co/gl1M1cwPYB

— CZ Binance (@cz_binance) June 14, 2019

In a recent blog post, Binance announced…

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