Binance to Restrict Accounts Without KYC
Binance Exchange has detailed its plans to restrict the accounts of many of its customers, a move it believes will aid its compliance efforts.
Binance Exchange has detailed its plans to restrict the accounts of many of its customers, a move it believes will aid its compliance efforts.
Binance said that all existing and new users will have to go through its Identity Verification process after which they will be able to access Binance’s products and services.
Beyond the integrated Binance tax reporting tool, the exchange has also taken action to reduce the daily Bitcoin (BTC) withdrawal limit for its users that have not completed the KYC verification requirement.
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