Binance has suspended BUSD stablecoin pairs via One Common Billing System. The move was a result of allegations about Binance helping customers evade KYC policies. Binance’s [BNB] United States-based subsidiary, Binance.US, temporarily suspended Binance USD [BUSD] stablecoin pairs via One Common Billing System (OCBS) as the Commodity Futures Trading Commission (CFTC) investigated the exchange for […]
stablecoin pairs via One Common Billing System as the Commodity Futures Trading Commission investigated the exchange for alleged violations.
The decision came shortly after the exchange halted certain U.S. dollar deposit services. Additionally, it temporarily halted Apple Pay and Google Pay deposits due to the company:Earlier, Binance.US also halted debit card deposits for up to 5% of its customers, but stated that it was working to restore all services as soon as possible.The latest announcement comes as Binance.US’ global affiliate, Binance, is being investigated by the Commodity Futures Trading Commission .
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