The cryptocurrency exchange will stop providing services to customers who have not passed identity verification.
In a statement, the exchange stated:
Effective immediately, all new users must complete a medium level of verification in order to gain access to Binance products and services, including deposits, trading, and withdrawals.
In addition, existing users who were previously able to trade without verification will only be able to “withdraw funds and close an order or position.”
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
According to cointelegraph.com
You May Also Like
Binance Hires Former IRS Investigator
A cryptocurrency exchange has hired a former IRS employee. He will head Binance's anti-money laundering department.
Will Bakkt end the year with a bullish breakout?
On December 12, 2018, the Intercontinental Exchange (ICE) will begin trading Bitcoin futures contracts. It is noteworthy that contracts can be concluded through the platform’s digital asset storage, and clearing will be carried out by ICE Clear US, Inc. All quotas will be in US dollars, and the amount that will be blocked on the account when concluding a futures contract will be 10 bitcoin.
