Binance Implements New Crypto Transfer Rules in South Africa

Binance is implementing stricter rules for crypto transfers within South Africa, starting April 30th, as the country’s regulatory environment evolves. The changes require users to provide detailed sender and receiver information for all deposits and withdrawals on the platform. This includes full name, country of residence, and details about the initiating exchange for deposits, and beneficiary information for withdrawals. Binance clarifies that these new measures do not impact other services like trading or navigating the platform.