Good News for Binance from the USA!
Court Canceled the Ban Decision!
According to Bloomberg, the Florida Court of Appeals overturned the Binance ban.
The world's largest cryptocurrency exchange Binance received good news from the US.
According to Bloomberg, the Florida Court of Appeals overturned the Binance ban.
Accordingly, the First District Court of Appeal in Florida overturned the ban on Binance on May 22 with a unanimous decision.
The court said in its ruling that state regulators failed to follow proper procedures when banning Binance in November 2023.
The court ruled that Binance's operations in the state could not be blocked under an emergency stop order issued by the Florida Office of Financial Regulation.
The Court of Appeal also noted that the Florida Office of Financial Regulation also stated that CZ's conduct would not justify the suspension of the license of Binance's Florida subsidiary.
Florida regulators' decision to suspend Binance came after former Binance CEO Changpeng Zhao pleaded guilty to the charges against him.
