Binance Requires KYC Re-Verification for Indian Users

Crypto exchange Binance has implemented stricter Know Your Customer (KYC) procedures specifically for users residing in India. This change aims to bolster compliance with anti-money laundering regulations and enhance platform security. As a result, existing Indian users are required to re-verify their identities through fresh documentation and potentially facial recognition technology. Binance’s move reflects the increasing importance of regulatory compliance within the crypto industry.