All Binance users are now subject to immediate KYC verification
The crypto exchange will limit services for existing users unless they adhere to the new KYC and AML requirements Binance has been at the regulatory cross-hair of jurisdictions across the globe, amid claims of it operating unlicensed businesses. As remediation to the ongoing scrutiny, the crypto exchange has publicly announced new know your customer (KYC) requirements for all users on the platform. “Effective immediately, all new users are required to complete Intermediate Verification to access Binance products and service offerings, including cryptocurrency deposits, trades and....
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In light of recent regulatory crackdown and backlash, global crypto exchange Binance is beginning to crack down on its customer verification requirements across its platform. More specifically, the exchange is restricting its once lenient know-your-customer (KYC) requirements. Effective immediately, new customers wanting to use Binance’s services are required to complete the platform’s intermediate verification processes, […]
Existing Binance users will be unable to withdraw more than 0.06 BTC per day without completing full KYC verification, effective in August. Binance, the world’s biggest cryptocurrency exchange by trading volumes, continues its efforts to maintain dialogue with global regulators by introducing withdrawal limits and a new tax reporting system.The company officially announced Tuesday a major update to its Know Your Customer policies, significantly reducing maximum withdrawal amounts for users who have not completed full identity verification.Effective immediately for new Binance accounts,....
There is strength in numbers and Binance Coin (BNB) has proven that time and again with its robust community of Bitcoin enthusiasts whose faith in the coin has always been its strong fortress. BNB surpasses 1 billion in terms of trading volume following network upgrade BNB price up by 2.04% Binance launches Binance Account Bond (BAB) for KYC verification Recently, Binance rolled out the Binance Account Bond (BAB) token, it’s a token used to identify users of BNB that have successfully finalized KYC verification. The launch of BAB was announced via a tweet. This latest update will allow....
Crypto-currency exchange Vault of Satoshi today announced the launch of coin-to-coin trading, allowing the service's user base to trade from "any coin to any coin" without having to start with bitcoin and litecoin first. The move will allow for greater flexibility on the platform, particularly for those who aren't interested in trading for major crypto-currencies like those listed above. The exchange's Director of Marketing noted that coin-to-coin trading is not subject to the same verification restrictions, like those applicable when trading to fiat. "Users who create an account, and are....