Binance has introduced mandatory KYC for all users

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.”

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According to cointelegraph.com