Author Topic: Major crypto exchange Binance to step up anti-money laundering checks  (Read 60 times)

geemong

  • Hoodrat
  • *
  • Join Date: Jul 2021
  • Posts: 24
  • Reputation: 0
    • View Profile
Major crypto exchange Binance to step up anti-money laundering checks




Binance, the world's largest cryptocurrency exchange, said on Friday that it was bringing in stricter customer checks for anti-money laundering requirements with immediate effect.

Binance has been under pressure in recent months from regulators across the world, concerned over the use of crypto to launder money and lax consumer protection.

Grand Prize From this slotxo เติม true wallet will be even more multiplied. more than ever which the game itself There is a payout rate of up to 10,000 times from spins, so we can make profits. From such bets, it is not difficult and is considered another game. The investment that has it all.

The exchange has dialled back its products offerings, including leveraged trading and tokens linked to equities, and said it wanted to improve relations with regulators.

The Dutch central bank on Monday said Binance was not in compliance with the anti-money laundering and anti-terrorist financing laws.

Binance said on its website that users would, with immediate effect, have to complete a verification process to access its products and services. Those who have not done so will only be able to withdraw funds, cancel orders and close positions.

Binance is by some measures the biggest platform in the world. Its trading volumes in July were US$455 million, down almost a third from a month earlier amid cooler crypto markets but still No.1 globally, according to data from CryptoCompare.