According to the Binance.US status dashboard, on March 31, the U.S. crypto exchange disabled Binance USD stablecoin pairs via the One Common Billing System, referred to as OCBS.
The affected services include BUSD crypto deposits and withdrawals or buying, selling and converting crypto options, the status notice says.
Binance.US said that the firm is currently investigating the issue, noting that the services are suspended temporarily.
The OCBS and BUSD issues on Binance.US came shortly after the firm halted certain U.S. dollar deposit services on March 30. According to the dashboard, Binance.US temporarily suspended Apple Pay and Google Pay deposits due to the company transitioning to new banking and payment service providers over the next several weeks.
The news comes amid Binance.US’ global affiliate, Binance, facing legal action from the U.S. Commodity Futures Trading Commission (CFTC). On March 27, the CFTC filed a suit against Binance and its CEO Changpeng “CZ” Zhao for alleged trading violations, arguing that the exchange failed to meet compliance obligations by not registering with the regulator.
