Binance US: Cryptocurrencies held by users on the exchange are no longer covered by FDIC
ChainCatcher news, according to Decrypt, Binance.US today notified its users that the cryptocurrencies they hold on the exchange are no longer insured by the Federal Deposit Insurance Corporation (FDIC). The updated terms of service state that users must first convert their dollars into stablecoins or cryptocurrencies before they can withdraw.
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