Binance joined the FATF's Global Travel Rule Alliance.

[NikeFit_7777]

Binance has joined the Global Alliance on FATF's Travel Rule - any financial institution processing cryptocurrency transactions over 3,000$ must disclose the sender's name, address and account information.

News link: https://www.binance.com/en/blog/ecosystem/binance-joins-the-global-travel-rule-alliance-to-advance-interoperable-compliance-and-strengthen-security-7936965740530669104

[NikeFit_7777]

P.S. In other words, there is nothing new, decentralization is not and will not be. If necessary, you will be blocked tomorrow and the funds will be taken away. Be as careful as possible before keeping funds on centralized sites.

News: "Binance will restrict access to unregulated stablecoins in the EU from June 30 following the introduction of MiCA legislation. As part of the phased transition, conversion to authorized assets will be available. It is not yet known which specific steiblcoins will be affected."

[MrSpasybo]

P.S. In other words, there is nothing new, decentralization is not and will not be. If necessary, you will be blocked tomorrow and the funds will be taken away. Be as careful as possible before keeping funds on centralized sites.

News: "Binance will restrict access to unregulated stablecoins in the EU from June 30 following the introduction of MiCA legislation. As part of the phased transition, conversion to authorized assets will be available. It is not yet known which specific steiblcoins will be affected."

Well, we've been used to this for many years now. All of users on Binance and many top CEXs need to perform KYC to use CEX features such as trading or withdrawing. Binance has also frozen the accounts of many users involved in accusations of money laundering or terrorist financing. I think that's a good thing for the development of the market, the market really needs to be regulated to be accepted and more mature.

I am not in the EU and I am not really interested in MiCA, I am waiting for the official application and we will have more clear assessments of MiCA violations in the EU to better understand it. Binance certainly doesn't want to get into any more trouble, Binance doesn't want to pay fines of more than $4B like in the US. This announcement has confirmed Binance's cautious and regulatory compliance plan, it is not bad for Binance future!