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Binance Blocks Transactions with Dozens of Crypto Platforms Amid Regulatory Scrutiny

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Crypto exchange Binance has announced that it will stop processing transactions with several platforms, citing the need to comply with regulatory requirements. The restrictions are set to take effect in stages, starting from August 7 and continuing until August 23.

The affected platforms include Shelbit, Aban Tether Exchange, A7 Nigeria, A7 Africa, PilotFinance Ltd., Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode and Exnode Pay, HTX, EXMO Ltd.

Binance stated that the decision was driven by its commitment to maintaining a safe and secure environment for users and their assets. The exchange emphasized that users should not directly or indirectly send funds to these platforms, receive assets from them, or carry out other transactions through them.

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