Binance Announces Stringent Set of Rules Towards NFT Listing

Binance Announces Stringent Set of Rules Towards NFT Listing

NFT creators will also be limited to minting just five digital items every day.
Before listing on Binance NFT, merchants must undergo know-your-customer (KYC).
Binance said on January 19 that it will be increasing the requirements for listing non-fungible tokens (NFTs). All non-fungible tokens (NFTs) that were posted on Binance before October 2, 2022, and that had a daily trading volume of less than $1,000 between November 1, 2022, and January 31, 2023, will be delisted beginning on February 02, 2023. After January 21st, 2023, NFT creators will also be limited to minting just five digital items every day.
Binance stated:
“Users can report NFTs or collections that may be in violation of Binance NFT minting rules and terms of service. Our due diligence team will actively review reports of fraud or rule violations and take the appropriate actions.”
Periodical Review Underway
Moreover, before listing on Binance NFT, merchants must undergo know-your-customer (KYC) authentication and ama

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