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Binance makes it regulatory to complete KYC requirements
Binance makes it regulatory to complete KYC requirements
News

Binance makes it regulatory to complete KYC requirements

By Andy JoshAugust 20, 2021
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Binance has issued new regulatory guidelines for its customers due to the administrative scrutiny that it is facing over the past few months.

  • With instant effect, the exchange has made it mandatory for the new users to complete their “Intermediate Verification” to avail its services and product offering.
  • The existing users who have not completed their “Intermediate Verification” can access services like withdrawal, order cancellation, position close, and redemption.
  • These users will have their account permission briefly changed to “Withdraw Only.”
  • The above steps will help strengthen the Know Your Customer (KYC) and Anti Money Laundering (AML) efforts of the exchange.
  • Binance has taken these measures keeping in view the security of its users and will also help in fighting financial crime.
AML binance KYC security
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