Is it true that Binance has been banned?

I've been hearing rumors that Binance has been banned. Is this true? If so, what are the reasons behind the ban? And what does this mean for the cryptocurrency industry? I'm quite concerned about my investments on Binance. Will they be affected? And what should I do now? Should I transfer my assets to another exchange? Or should I just hold on to them and wait for the situation to resolve? I'm really confused and anxious about this. Could you please provide some clarity and advice?