Binance Requires Prime Brokers to Strengthen KYC Procedures Following U.S. Nationals Concerns
Tuesday, 19 March 2024, 08:08
Binance Urges KYC Enhancements to Block U.S. Nationals
The recent move by Binance to request prime brokers to enhance their KYC processes is in response to concerns over the presence of U.S. nationals on the platform.
Contentious Issue for Authorities
The ongoing presence of U.S. nationals on the platform has raised regulatory concerns as they are banned officially but still manage to access the services offered by Binance.
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