Well, no longer allowed to trade I should say - they'll still need to give users the ability to withdraw their tokens. Easier said than done, as we're discovering that there isn't a single exchange that allows US traders, that also lists some of the coins you may have acquired on Binance.
While publicly they've tried to downplay what a mess this is, for those who own a variety of coins accumulated on Binance, there's no way to sugar coat it - this is going to be massive headache, requiring a combination of solutions.
Originally given the date of Sept 14th, it's surprising US traders aren't locked out already - either way, it's time to plan your move.
Where we are, how we got here...
For those who haven't been following closely - in early June, Binance announced that the only way to stay compliant with US regulators was to remove US traders from their platform.
I'll refrain from going into a long rant, but we can't completely pass over how pathetic it is that the US is the birthplace of both computers and the internet - yet we're being forced onto the sidelines of the blockchain/crypto revolution as our tech-illiterate leaders do nothing to keep up with the times, and have left regulators with laws written in the 1940's to regulate crypto.
Any company raising funds via fraudulent methods deserves to be taken down, but the SEC's confusing enforcement methods have sent totally legitimate crypto start-ups running to anywhere but here.
Switzerland jumped onto the opportunity US leaders created, as their leaders authored clear guidelines that allow legitimate crypto businesses to grow, while maintaining the ability to shut down any bad apples.
But they haven't had to shut down any bad ones - Switzerland's "Crypto Valley" is now home to over 800+ b...