Buying Dogecoin on Binance is restricted

Due to new regulations from the Cyprus Securities and Exchange Commission, Binance has suspended the purchase of Dogecoin by users within the EEA. The restriction only applies to purchase transactions, selling, trading and withdrawals are not affected. Affected users can use alternative platforms such as Coinbase and Kraken to purchase Dogecoin until the restriction is lifted, which Binance has not yet announced.

Purchasing Dogecoin on Binance is restricted

Reason:

coins An has decided to suspend Dogecoin (DOGE) purchase transactions to comply with the latest regulations from the Cyprus Securities and Exchange Commission (CySEC).

Details:

• Affected users: All Binance users in the European Economic Area (EEA)
• Restriction type: Limit Dogecoin purchase transactions, including credit/debit card purchases, third-party payments and fiat currency purchases
• Not affected: Dogecoin sales, trading and withdrawals will not be affected

Impact:

Binance users in the EEA will not be able to purchase Dogecoin through the platform currency. This could cause Dogecoin price volatility as demand may decrease.

Alternatives:

Binance users within the EEA can purchase Dogecoin using other cryptocurrency exchanges or platforms. Some recommended alternatives include:

• Coinbase
• Kraken
• eToro
• Crypto.com

When will the restrictions be lifted:

Binance has not yet announced when the purchase restrictions will be lifted. The lifting is expected after the Cyprus Securities and Exchange Commission completes its review of the platform.

Conclusion:

Due to new regulations from the Cyprus Securities and Exchange Commission, Binance has suspended the purchase of Dogecoin by users within the EEA. Affected users can purchase through other exchanges or platforms until restrictions are lifted.

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