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UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say
Industry groups argue they see inconsistencies in regulatory plans by the Bank of England and the Financial Conduct Authority.
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• News Binance, the world's largest cryptocurrency exchange, will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. "We are temporarily suspending USD bank transfers as of February 8th," a Binance spokesperson told CNBC. "Affected customers are being notified directly." The company said "0.01% of our monthly active users leverage USD bank transfers" and added that "we are working hard to restart service as soon as possible." $BTC $BNB $XRP #sanor016CommUNITY #Roman_Omarzad

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• News KEY POINTS Binance will suspend U.S. dollar withdrawals and deposits for international customers beginning Feb. 8, the company said. Binance banking partner Signature Bank in January raised transaction minimums for dollar transfers. Millions of dollars worth of crypto flowed out of Binance after it announced the suspension, but the company says it remains "net-positive." $BTC $BNB $XRP #sanor016CommUNITY #Roman_Omarzad

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