Cryptocurrency exchange Binance has announced the suspension of several trading products for users from Norway.
According to an announcement, the exchange has disconnected trading crypto in pair with the Norwegian Krone (NOK), NOK payment options and Norwegian language website support. The exchange has not explained the reason behind the changes in product offerings.
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"Please also note that Binance does not maintain any official Telegram or other online communication channels in Norwegian," the exchange added.
The limitations come into effect a few weeks after Binance announced the same limitations for the South Korean won (KRW). Meanwhile, Binance announced all its users must complete a mandatory verification procedure. Starting since Aug. 20, all new users of the platform are required to complete an intermediate verification if they want to access to Binance's tools and options, including the ability to trade as well as make deposits and withdrawals.
The new requirements for existing users will be phased in by October 19. Before completing the verification process, they will be able to withdraw assets, cancel existing orders and close active positions.
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