States’ backlash against Binance.US continues with 6th license pulled
Oregon joins five other states that have delicensed Binance.US after former Binance CEO Changpeng Zhao pleaded guilty to felony charges.
Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license to operate there, following a spate of refusals earlier this year.
The Oregon Division of Financial Regulation announced on April 30 that it had revoked Binance.US’s license, as a result of which it is prohibited from accepting money for transmission or holding or selling fiat or crypto for Oregon consumers. The division explained in a statement:
Oregon was following the example of five states that moved against the exchange after Zhao pleaded guilty to violating Anti-Money Laundering laws. Florida was the first state to act, suspending Binance.US’ license in November, shortly after Zhao’s guilty plea. Alaska followed suit at the beginning of January when it declined to renew its license.
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Author: Derek Andersen
