2024

Identity

April

Coin

<ul class="news-points"> 
 <li><strong>Binance enforces strict KYC requirements for sub-accounts to boost compliance.</strong></li> 
 <li><strong>Unverified sub-accounts risk losing Binance Link Program access.</strong></li> 
 <li><strong>Communication solely with Exchange Link holders underscores user responsibility.</strong></li> 
</ul> 
<p>In a recent update, <a href="https://coinedition.com/breaking-binance-introduces-ena-launchpools-50th-project/">Binance</a> has introduced stringent identity verification requirements for all its sub-accounts under the Binance Link Program, aiming to enhance compliance standards. According to the update, the exchange has been imposing restrictions on sub-accounts that lack the necessary Know Your Customer (KYC) documentation since March 20, 2024.&nbsp;</p> 
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   <p lang="en" dir="ltr">Binance Exchange Link: Mandatory Identity Verification (KYC) Requirements<a href="https://t.co/dtZzWa0xhQ" target="_blank" rel="nofollow">https://t.co/dtZzWa0xhQ</a></p>— Binance Announcement (@BNAnnouncement) <a href="https://twitter.com/BNAnnouncement/status/1776123110527533333?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 5, 2024</a>
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<p>Moreover, the firm explained that on May 20, 2024, unverified sub-account holders will face full access restrictions and lose the ability to use Binance Link Program services. Concurrently, the updated policy mandates that <a href="https://www.binancezh.info/en/support/announcement/binance-exchange-link-mandatory-identity-verification-kyc-requirements-801c97aa0b07474387487149b13cc8bf" target="_blank" rel="nofollow">Exchange Link</a> account holders integrate with the Link-KYC module to ensure all sub-accounts comply with enhanced standards.&nbsp;</p> 
<p>This includes providing detailed information on behalf of their sub-account holders, such…</p>
<p>The post <a href="https://coinedition.com/binance-implements-mandatory-kyc-for-sub-accounts-in-compliance-push/">Binance Implements Mandatory KYC for Sub-Accounts in Compliance Push</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Binance Implements Mandatory KYC for Sub-Accounts in Compliance Push

Coin Edition

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