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Binance US: Because Losing Money Is Now a Legitimate Business Model in 32 States

BitcoinCrypto NewsHack 1 Sam Rogers August 16, 2024

An illustration: A map of 32 US states with a red 'X' marked through it in each state where Binance US has lost its money transmitter license. In contrast, some other states are shown as green dots indicating they still have active licenses for the crypto exchange. The image also features an empty wallet and coins scattered around on the ground symbolizing financial losses due to non-compliance issues with regulatory requirements. A broken chain in the background represents a lack of trust among investors following Binance US' legal troubles involving former CEO Changpeng Zhao (CZ).

And so it continues: Binance US – a crypto exchange that somehow manages to be worse than its already dodgy parent company – is having its licenses revoked left and right by various US states. You’d think they’d learn from their mistakes, but nope! It seems like the only thing these guys are good at is creating new ways for people to lose money

Source: bitcoin.com

Multiple US States Have Revoked Binance US Crypto Licenses
https://news.bitcoin.com/multiple-us-states-have-revoked-binance-us-crypto-licenses
Multiple U.S. states have revoked or declined to renew Binance US money transmitter licenses due to compliance issues and legal troubles involving Binance and former CEO Changpeng Zhao (CZ). “North Dakota joins Alaska, Florida, Maine, North Carolina, and Oregon who have taken similar actions to revoke or deny the renewal of BAM Trading Services’ Money Transmission License,” North Dakota’s financial regulator stated. A growing number of U.S. states have revoked […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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