United States of America: North Dakota Department of Financial Institutions license revocation proceedings against Binance
Progress
Current status
in force
17 Jun 2024 in force
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
subnational
Timeline of events
Issued revocation notice against Binance by North Dakota Department of Financial Institutions
On 17 June 2024, the North Dakota Department of Financial Institutions published a revocation notice against BAM Trading Service, which is registered as Binance.US, withdrawing its money transmitter license. The Department revoked the license becaus…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
other regulatory body