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A subsidiary of Binance, Binance.US, in an official blog announcement has described what to expect from the upcoming exchange.

Binance.US to Tighten Up KYC Policy

According to the announcement, the new exchange will implement much more tighten requirements from its users than Binance does.

Thus, users will be required to provide a valid government ID (driver’s license or passport) and social security number (SSN) to register for access to the Binance.US marketplace.

It is expected that the U.S.-focused exchange will be launched in the coming weeks.

"We will open KYC onboarding a few days prior to live trading so you will have time to verify your account and deposit funds," states the announcement.

Earlier iHodl reported that Binance.US announced its plans to list the first 30 assets on the exchange.

Binance also announced it adopted a Digital Asset Risk Assessment Framework to help select bona fide blockchain projects with a real chance of making the world more efficient.

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