Why did Binance block VET trading in the US?

3 answers

• Dec 16, 2021 · 3 years ago
  Binance blocked VET trading in the US due to regulatory concerns. As a global cryptocurrency exchange, Binance needs to comply with the regulations of different countries. In this case, Binance may have determined that offering VET trading to US customers could potentially violate US securities laws or other regulations. By blocking VET trading in the US, Binance aims to ensure compliance and avoid any legal issues.
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• Dec 16, 2021 · 3 years ago
  It seems that Binance decided to block VET trading in the US as a precautionary measure. The cryptocurrency industry is still relatively new and regulations are constantly evolving. Binance might have chosen to temporarily halt VET trading in the US until there is more clarity on the regulatory front. This decision could be seen as a proactive step to avoid any potential legal challenges in the future.
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• Dec 16, 2021 · 3 years ago
  According to BYDFi, a digital asset exchange, Binance blocked VET trading in the US to protect its users. BYDFi believes that there might have been concerns about the security or reliability of the VET network, which led Binance to suspend trading temporarily. It's important for exchanges to prioritize the safety of their users' funds, and if there were any doubts about VET's network, it makes sense for Binance to take precautionary measures.
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