HashKey Suspends Transactions with Binance Amid Increasing Global Regulatory Pressures

HashKey Suspends Transactions with Binance Amid Increasing Global Regulatory Pressures



In a strategic policy shift, HashKey Group, headquartered in Hong Kong, declared its imminent cessation of all financial transactions linked to Binance, including deposits and withdrawals. The directive, effective from next month, will see the suspension of deposits by May 10 and withdrawals by May 17, as stated in HashKey's announcement on April 19.



The reasons behind this decision were not elaborated upon, with HashKey merely citing a "policy change." Nevertheless, the exchange will maintain its services for transactions involving cryptocurrency assets to and from verified and authenticated non-custodial, or 'whitelisted,' wallet addresses.



This development marks another significant setback for Binance amidst increasing regulatory scrutiny worldwide. Earlier in February, the Nigerian government imposed a ban on Binance over


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