Which regulatory agencies enforce this type of clause?

{'agency': 'State_AG', 'reason': 'State Attorneys General and financial regulators (including NYDFS) have enforcement authority over unlicensed cryptocurrency exchange operations and consumer protection violations related to jurisdiction restrictions.', 'complaint_url': 'https://www.naag.org/find-my-ag/'}, {'agency': 'CFPB', 'reason': 'The CFPB has jurisdiction over financial services providers that engage in unfair or abusive practices related to account eligibility and fund access.', 'complaint_url': 'https://www.consumerfinance.gov/complaint/'}

What is the severity of this clause?

ConductAtlas classifies this Restricted Jurisdictions and Eligibility clause as high severity. Severity reflects the magnitude of rights affected, the breadth of users impacted, and the degree of discretion the platform retains.

Restricted Jurisdictions and Eligibility — Binance.US

Share 𝕏 Share in Share 🔒 PDF

What it is

If you live in New York, you cannot legally use Binance.US at all. Using the platform from a restricted state can result in your account being closed and your assets frozen.

Consumer impact (what this means for users)

If you are a New York resident or are located in another restricted jurisdiction and open a Binance.US account, your account can be suspended and your cryptocurrency assets frozen without prior notice, potentially during volatile market conditions.

Cross-platform context

See how other platforms handle Restricted Jurisdictions and Eligibility and similar clauses.

Compare across platforms →

Need full compliance memos? See Professional →

Why it matters (compliance & risk perspective)

Residents of New York and potentially other states where Binance.US lacks a money transmission license risk having their account closed and assets frozen if the platform determines their location, with no guaranteed process for asset recovery.

View original clause language

THE SERVICES ARE NOT AVAILABLE TO RESIDENTS OF, OR PERSONS LOCATED IN, THE STATE OF NEW YORK. IN ADDITION, THE SERVICES ARE NOT AVAILABLE TO: (A) RESIDENTS OF, OR PERSONS LOCATED IN, ANY STATE OR JURISDICTION WHERE THE OFFERING OF THE SERVICES WOULD BE CONTRARY TO APPLICABLE LAWS OR REGULATIONS; (B) PERSONS WHO ARE NOT AT LEAST 18 YEARS OF AGE; OR (C) PERSONS WHO HAVE BEEN PREVIOUSLY BANNED FROM USING OUR SERVICES. YOUR ACCOUNT WILL BE SUSPENDED OR CLOSED IF WE DETERMINE YOU ARE A RESIDENT OF NEW YORK OR ANY OTHER RESTRICTED JURISDICTION.

Institutional analysis (Compliance & legal intelligence)

(1) REGULATORY FRAMEWORK: The New York exclusion is driven by the NYDFS BitLicense requirement (23 NYCRR Part 200), which Binance.US does not hold, making it unlawful to offer virtual currency services to NY residents. State money transmission laws across all 50 states require licensure; Binance.US's state license status varies and determines the complete list of restricted jurisdictions. COPPA (15 U.S.C. §6501 et seq.) and state age verification requirements apply to the under-18 exclusion. FinCEN CIP regulations (31 C.F.R. §1020.220) require verification of customer identity and location. (2)

🔒

Compliance intelligence locked

Regulatory citations, enforcement risk, and due diligence action items.

Watcher $9.99/mo Professional $149/mo

Watcher: regulatory citations. Professional: full compliance memo.

Applicable agencies

State AG

State Attorneys General and financial regulators (including NYDFS) have enforcement authority over unlicensed cryptocurrency exchange operations and consumer protection violations related to jurisdiction restrictions.
File a complaint →
CFPB

The CFPB has jurisdiction over financial services providers that engage in unfair or abusive practices related to account eligibility and fund access.
File a complaint →

Provision details

Document information

Document

Binance.US Terms of Use

Entity

Binance.US

Document last updated

March 14, 2026

Tracking information

First tracked

April 18, 2026

Last verified

April 18, 2026

Record ID

CA-P-002747

Document ID

CA-D-00064

Evidence Provenance

Source URL

https://www.binance.us/terms-of-use

Wayback Machine

View archived versions →

SHA-256

56f9641490665643f7631274dce37bf84e3b01c8ae29af1fe783b9abcbae3b20

Verified

✓ Snapshot stored ✓ Change verified

How to Cite

ConductAtlas Policy Archive
Entity: Binance.US | Document: Binance.US Terms of Use | Record: CA-P-002747
Captured: 2026-04-18 09:06:13 UTC | SHA-256: 56f9641490665643…
URL: https://conductatlas.com/platform/binanceus/binanceus-terms-of-use/restricted-jurisdictions-and-eligibility/
Accessed: May 2, 2026

Classification

Severity

High

Restricted Jurisdictions and Eligibility