Binance American users have received notifications demanding to leave the platform within 14 days, Decrypt reports.
The company is asking US residents with Binance.com accounts to withdraw funds and register on Binance.US.
A Binance spokesperson told The Block that the company takes legal compliance seriously. According to him, disconnecting users from the United States is an existing control measure, “and not something new.”
Previously, American clients could indicate during registration that they are not related to the United States to trade on the platform.
On November 10, Binance sent out emails to users based on their IP addresses, asking them to withdraw funds from the platform within 90 days.