Binance Requires KYC Re-Verification for All New and Existing Users in India to Comply With AML Rules and Ensure Data Security

Binance, a leading cryptocurrency exchange, has mandated that all users in India, both new and existing, must undergo KYC (Know Your Customer) re-verification to comply with updated anti-money laundering (AML) regulations. This requirement is part of Binance’s efforts to ensure compliance with local AML rules and enhance data security. The re-verification process is mandatory for continued access to Binance’s platform in India, aligning with regulatory standards aimed at preventing financial crimes. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant