Binance Academy
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What is the Satoshi Test and how does it relate to Money Transfer Regulations?
Key Points
Money Transfer Regulations are a regulatory standard that requires cryptocurrency platforms to collect and share certain information about cryptocurrency transactions. The goal is to comply with international anti-money laundering regulations.
Binance users may be required to verify ownership of a wallet address before sending cryptocurrency to (or receiving cryptocurrency from) certain platforms.
Money Transfer Regulations are a regulatory standard that requires cryptocurrency platforms to collect and share certain information about cryptocurrency transactions. The goal is to comply with international anti-money laundering regulations.
Binance users may be required to verify ownership of a wallet address before sending cryptocurrency to (or receiving cryptocurrency from) certain platforms.
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