Binance Implements KYC Re-Verification for Indian Users

Binance has made a significant move to enhance its regulatory compliance in India by mandating KYC re-verification for all users within the country. This decision, aimed at meeting India’s Anti-Money Laundering (AML) regulations, is effective starting April 18, 2025. Indian users must now submit updated personal details including their PAN number to comply with local AML laws. While this update underscores Binance’s commitment to regulatory adherence, it has the potential to drive some users away from platforms with less stringent KYC protocols and towards potentially non-compliant exchanges.