When you hear crypto exchange US ban, a series of regulatory actions by U.S. authorities targeting unlicensed digital asset platforms. Also known as crypto exchange crackdown, it refers to the government’s move to shut down platforms that operate without licenses, KYC checks, or anti-money laundering controls. This isn’t about banning Bitcoin or crypto itself—it’s about forcing exchanges to play by the same rules as banks.
The KYC compliance, the process of verifying a customer’s identity before allowing crypto transactions. Also known as customer identification, it’s now non-negotiable for any exchange that wants to operate legally in the U.S. Without it, platforms like TradeOgre and Libre got hit hard. Canada’s RCMP seized $40 million from TradeOgre in 2025 because it let users trade without verifying who they were. That case wasn’t isolated. The SEC and FinCEN started treating unregistered exchanges like unlicensed banks—because that’s what they were, in practice.
It’s not just about money. The crypto exchange shutdown, the forced closure of platforms by regulators due to legal violations. Also known as crypto platform takedown, it’s become a warning sign for the whole industry. Upbit in South Korea got slapped with a $34 billion fine for the same reasons—no KYC, no oversight. The U.S. didn’t need to go that far. They just stopped letting shady exchanges operate. If you didn’t have a license, you got blocked. If you hid behind privacy coins like Monero, you got tracked anyway. Law enforcement now has tools to trace even the most anonymous trades.
What you’ll find in the posts below aren’t just news stories—they’re case studies. Each one shows how a different exchange failed to meet basic legal standards, and what happened when regulators stepped in. You’ll see how fake exchanges like LongBit and AnimeSwap were never real to begin with. You’ll learn why some platforms vanished overnight, while others adapted and survived. This isn’t about fear—it’s about awareness. If you’re using a crypto exchange, you need to know if it’s playing by the rules. Otherwise, you’re not just risking your money—you’re risking your access to it.
Poloniex was once a top crypto exchange, but it no longer serves U.S. users. This review covers its security, trading features, savings options, and why it's no longer viable for most people in 2025.