Binance, the world's largest crypto exchange by trading volume, is updating its internal policy.
The trading platform has reported it is conducting an in-depth analysis of all users' accounts to make sure they meet its strict identity verification standards. Any accounts violating any of its regulations will no longer be able to make deposits on the platform.
Wonder what impact this will have on Binance's standings with other exchanges? Check out these Binance exchange reviews.
Why it is important
- The news comes less than a day after the trading platform announced its plans to expand in the U.S.
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