Binance.US backs out of $1B Voyager asset buy, blames regulatory atmosphere

Binance.US has backed out of its settlement to buy $1 billion of bankrupt cryptocurrency brokerage Voyager Digital belongings, the corporate introduced in a tweet. It laid the blame for the transfer on “the hostile and unsure regulatory local weather in the USA.”

Voyager, the Voyager Official Committee of Unsecured Collectors and the U.S. authorities reached an settlement on April 19 for the acquisition to undergo. The deal had been blocked on March 28 by an emergency keep granted by a choose whereas the U.S. Division of Justice appealed Voyager’s chapter plan.

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