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<ul class="news-points">
 <li>North Dakota has invalidated Binance US’ money transmitter license due to compliance issues.</li>
 <li>The North Dakota Department of Financial Institutions announced that Binance US failed to comply with North Dakota laws.</li>
 <li>Other US states, such as Alaska, Florida, Maine, North Carolina, and Oregon, have also revoked or declined to renew the exchange’s license.</li>
</ul>
North Dakota has become the latest state to <a href="https://www.nd.gov/dfi/news/revocation-notice-bam-trading-services-inc-dba-binanceus" target="_blank" rel="noopener noreferrer nofollow">revoke Binance US’s license</a> to operate as a money transmitter, citing compliance failures and the legal troubles of its founder, Changpeng Zhao. This move adds to the growing regulatory pressure on the cryptocurrency exchange as it grapples with lawsuits and investigations across the United States.
The regulator’s official announcement stated:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “The Commissioner has found that BAM Trading Services, Inc. has failed to comply with North Dakota laws. Additionally, majority beneficial owner and control person, Changpeng Zhao, has pled guilty to felony charges for violating the U.S. anti-money laundering laws.”
</blockquote>
CZ recently was <a href="https://coinedition.com/the-fall-of-cz-binance-founder-begins-prison-sentence/" rel="noopener noreferrer nofollow">sentenced</a> to a four-month’ prison after <a href="https://coinedition.com/zhao-pleads-guilty-steps-down-as-binance-ceo-in-4-3bn-settlement/" rel="noopener noreferrer nofollow">pleading guilty</a> to violating anti-money laundering laws. This followed a lawsuit by the Sec…
The post <a href="https://coinedition.com/binance-us-hit-with-another-license-revocation-in-north-dakota/" rel="noopener noreferrer nofollow">Binance US Hit With Another License Revocation in North Dakota</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Binance US Hit With Another License Revocation in North Dakota

Coin Edition

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