Binance Begins KYC Re-Verification Drive for Indian Accounts Amid Regulatory Push

Binance India KYC compliance to be done again

Binance has made an announcement that it would now require all Indian users to re-verify their identities to comply with the anti-money laundering regulations. This applies to both new and existing users.  Indian government lately has been very strict against the cryptocurrency users in India, requiring all the crypto exchanges to follow a set of […] The post Binance India KYC compliance to be done again appeared first on CryptoCoinDaddy.

Binance Announces Mandatory Identity Verification for Indian Users to Comply with AML Regulations

In a significant move aimed at enhancing user security and complying with regulatory requirements, Binance has announced a mandatory identity verification process for all Indian users—both new and existing. The global cryptocurrency exchange is implementing a re-verification of Know Your Customer (KYC) details as part of its commitment to aligning with India’s anti-money laundering (AML) […] The post Binance Announces Mandatory Identity Verifica…

Binance Begins KYC Re-Verification Drive for Indian Accounts Amid Regulatory Push

Binance now requires all Indian users to complete KYC again using their Permanent Account Number or PAN. The new rule applies to both new and old users as part of India’s anti money laundering compliance measures. Binance will collect only legal details and assure users that their data will be handled with full safety. Binance has made Permanent Account Number (PAN) submission mandatory for all Indian users. The new rule applies to both existing…

Binance Tightens KYC in India Amid AML Compliance Push

Binance has implemented stricter Know Your Customer (KYC) procedures for its Indian users, following previous violations of the countrys anti-money laundering (AML) laws. Announced on April 18, the move is part of the exchanges broader compliance strategy and aims to align with Indias financial regulations. Users in India are now required to re-verify their identity by submitting updated documents, including their Permanent Account Number (PAN)a…