Crypto exchange Binance has introduced mandatory Know Your Customer (KYC) requirements for its Exchange Link account holders. Only verified and compliant users will have access to their sub-accounts, and noncompliant sub-accounts will be restricted from accessing Binance Link Program services.
Crypto exchange Binance announced mandatory Know Your Customer ( KYC ) requirements for its Exchange Link account holders under the Binance Link Program. On April 5, Binance said that only verified and compliant users will be given access to their sub-accounts. The rule also applies to subaccounts created for deposit purposes and are not used in trading.
The exchange said it had been applying restrictions to noncompliant sub-accounts since March 20 and giving an ultimatum to unverified sub-account holders. The exchange noted that by May 20, sub-accounts that have not submitted the necessary KYC information will be “fully restricted” from accessing the Binance Link Program services. Accounts with incomplete KYC information will have their deposits restricted. However, they will be allowed to withdraw their funds. When it comes to trading, the restricted accounts will not be able to place new orders in spot trading and will have all of their existing orders cancele
Binance KYC Exchange Link Sub-Accounts Restrictions Compliance
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