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Stabenow and Boozman lead the Senate Agriculture Committee, which has authority over that regulator. Debbie Stabenow, D-Mich., and John Boozman, R-Ark., proposed last year to hand over the regulatory authority over cryptocurrencies such as bitcoin and ether to the CFTC. One or both of those arguments have been made by legislatures in both political parties. Some members of Congress have opposed the SEC’s actions on crypto, arguing that the SEC needs congressional approval to justify going after bad actors, or that crypto should be regulated more like a commodity, which would be under the jurisdiction of the Commodity Futures Trading Commission. The firm says its cooperating with authorities. Zhao stepped down and Binance admitted to violations of the Bank Secrecy Act and apparent violations of sanctions programs, including its failure to implement reporting programs for suspicious transactions.Īdditionally, PayPal received a subpoena from the SEC related to its PayPal USD stablecoin, the company said in a filing with securities regulators this month. We believe we have strong tools and we have been increasingly deploying them to counter this type of abuse.”Īnd a group of more than 100 mostly Democratic lawmakers in October said the responsibility for preventing the use of crypto to finance terrorism belongs to the White House, calling for the Biden Administration to act.Ĭhangpeng Zhao, the CEO of Binance, pleaded guilty Wednesday to a felony related to his failure to prevent money laundering on the platform. “In cases like this, where there are violations of a truly egregious nature,” she said “of course we want to make sure our tools stay up to date and are adjusted so that we can address emerging threats. Treasury Secretary Janet Yellen said Tuesday that existing regulations already apply to cryptocurrency at a news conference announcing the $4 billion settlement with Binance: “I think today’s actions show that we are serious about enforcing strong regulations that are already in place to make sure that illegal transactions are not fostered by cryptocurrency entities,” she said. If anyone comes up with any solutions please keep us updated.U.S. I'm equally frustrated and upset as this has been a huge time waste but also I have about 1.5btc worth of coins in there :( fml I have opened a couple new cases and have been told to appeal however every time I go to appeal, the same “Service Suspended for restricted countries” error page appears.

Now when I go to appeal, I received this new error page: “Service Suspended for restricted countries” as OP. I submitted that and was told my appeal to remove the withdrawal ban on your account has been rejected.

This was another verification video showing my last deposit into Binance. I was told to click a link to submit a withdrawal appeal to remove the withdrawal ban on your account.

After I made the transfer, Binance said ' the withdrawal function has been temporarily disabled' followed by ' withdrawals have been temporarily suspended for your account'. I set up a wallet transfer for one of my remaining crypto assets. They told me to withdraw all of my funds asap. After that was deemed successful, I was able to log in.

Two months ago I was able to open a case through the chat feature and they asked me to verify my identity through a series of photos and videos of my passport. They shut down access to my account without any emails or information stating my account would be frozen.

I will update with that link if I find it. Not ideal, but much better than trying to find wallets for all the random coins.

Try another window or a different browser in that case.Īlso, if you are like me and you have a lot of coins that have some value but you can't withdraw for some reason or another, there is a place in binance you can go to convert small quantities to BNB.

I found that different browser windows when using edge would give me the error when going to the chat page. I now have a 7 day countdown at the top of my screen when logged in.Įdit.

I explained that I was a USA account and that I was getting the Service Suspended for restricted Countries' They had me hold for about 10 minutes and then said that my account was activated. All, I was able to get temporary access to my account by doing the following.Ģ) choose 'log in/identification', then 'How to unlock account'Ĥ) I clicked 'Unsolved' at the bottom rightĥ) Then a button came up that said 'Leave a message Now' and it started a chat session with a live user.

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