Why is USD suspended on Binance?

Binance, the world's largest cryptocurrency exchange, has suspended USD deposits and withdrawals via bank transfer, citing reduced exposure to the crypto market by an increasing number of banking institutions. This suspension applies to non-US customers using USD bank transfers and is not limited to other payment methods or currencies. Additionally, Binance US, a separate entity, remains unaffected due to its regulatory status under the Financial Crimes Enforcement Network.