April 25, 2024

Binance Introduces Mandatory KYC For All Users

Binance Introduces Mandatory KYC For All Users

The cryptocurrency exchange will stop providing services to customers who have not passed identity verification.

INthe statement of the exchange indicated:

From now on, all new users must pass the intermediate level of verification in order to access Binance products and services, including deposits, trading and withdrawals.

In addition, existing users who previously could trade without verification will only be able to “withdraw funds and close an order or position”.

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Based on materialscointelegraph.com