Cryptocurrency exchange Binance today announced that all users are now required to complete Know Your Customer (KYC) verification.
The update also includes existing users who have not already completed KYC verification. Until this verification is completed, those accounts will only be able to withdraw cryptocurrencies, said Binance in an announcement.
Though users are required to input their name and date of birth to complete the „basic” tier of verification, the latest announcement now demands that all users complete the „intermediate” tier. This tier means users must include passport details and upload a selfie image to the site.
„We are announcing these measures to double down on efforts relating to Know Your Customer (KYC) and Anti-Money Laundering, which will further enhance user protection and combat financial crime,” Binance tweeted.
Binance constantly reviews its products and services to enhance user protection, provide a safe crypto environment and to align with the evolving
Źródło: https://decrypt.co/79002/all-binance-users-now-required-complete-kyc-registration
