Binance C2C will Take Down the CNY Trading Area and will Conduct an Inventory of Mainland Users

TokenInsight news, In response to the regulatory policy requirements of the local government, Binance C2C will be removed from the CNY trading zone at 24:00 (East 8 Zone time) on December 31, 2021. At the same time, Binance will conduct an inventory of platform users. If the platform finds a user in mainland China, the corresponding account will switch to the mode of "Withdrawal only", and the user can only withdraw cash, withdraw orders, redeem and close out positions. Binance will notify corresponding users by email 7 days before the account switch. Binance withdrew from the Chinese mainland market in 2017 and does not engage in exchange business in the Chinese mainland. Binance has always attached great importance to compliance obligations and has always strictly complied with relevant requirements of local regulatory authorities.