Binance Blocks Transactions With 14 Crypto Platforms Amid Regulatory Crackdown
Binance has announced it will block transactions involving 14 crypto-asset service providers and platforms as part of compliance measures tied to recent regulatory developments.
The restrictions are being implemented in phases. Users will no longer be permitted to send funds to, receive funds from, or otherwise transact through Binance with the affected entities after their respective effective dates.
The affected platforms include Shelbit, Aban Tether Exchange, A7 Nigeria, A7 Africa, PilotFinance Ltd, Rapira, Aifory Pro (Sooty Ltd.), ABCeX (Nueva Cryptologia S.A.S DE C.V.), WhiteBird, NoOnecrypto INC., Tradex (Brightum LLC), Monease Ltd, BitPapa, Exnode / Exnode Pay (Arvix), and HTX (Huobi Global SA).
The restrictions will be phased in over the next few weeks, with the first set of affected platforms being Shelbit and Aban Tether Exchange on August 7, followed by A7 Nigeria, A7 Africa, and PilotFinance Ltd on August 13. The remaining platforms will be impacted on August 23.
Binance warned that any transactions attempted on or after the applicable dates may be held for compliance review. The exchange said restrictions could be placed on affected wallets while reviews are ongoing and that such activity may constitute a breach of its terms of use.