Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto Exchanges => Binance => Topic started by: sirty143 on August 20, 2021, 04:35:48 PM

Title: All Binance users are now subject to immediate KYC verification
Post by: sirty143 on August 20, 2021, 04:35:48 PM

(https://i.imgur.com/QnjU3DHm.jpg)

Binance has been in the regulatory cross-hairs of jurisdictions across the globe amid claims of it operating unlicensed businesses. As remediation of the ongoing scrutiny, the crypto exchange has publicly announced new Know Your Customer (KYC) requirements for all users on the platform. See more for yourself here (https://cointelegraph.com/news/all-binance-users-are-now-subject-to-immediate-kyc-verification).

Your opinion is greatly appreciated.

Title: Re: All Binance users are now subject to immediate KYC verification
Post by: mlawson71 on August 24, 2021, 02:45:41 PM

According to their latest press release they say they are doing this for everyone's safety (https://theforexreview.com/2021/08/23/binance-acts-major-changes-to-international-kyc-documents/), which is likely true, but I think their recent regulatory troubles also had some effect on making this decision.