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Wall Street Journal: Alaska and Florida regulators have banned Binance’s U.S. subsidiary Binance.US from operating

The regulatory authorities in Alaska and Florida have banned Binance.US, a subsidiary of Binance, from conducting business. After Binance founder Zhao Changpeng admitted to violating US anti-money laundering regulations, regulatory authorities in Alaska and Florida deemed him unsuitable to supervise the company's operations, as he holds 80% of Binance.US's shares. Previously, Florida had suspended Binance.US's currency transfer license, while Alaska's banking and securities department refused to renew Binance.US's license in January 2024.

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