BINANCE SHARE A NEW UPDATE REGARDING KYC FOR INDIAN USER
Rekyc" on Binance refers to a re-verification of your identity, which may be required periodically or if your information has changed. Binance is implementing full KYC re-verification, likely in response to tightening compliance with AML (Anti-Money Laundering) regulations. This process ensures user accountability and strengthens security.
Why is Rekyc necessary?
Compliance:
Binance needs to comply with local and international regulations, including AML laws.
Security:
Re-verification helps prevent fraudulent activities and ensures the security of the platform and its users.
Accountability:
It helps maintain user accountability and ensures users are properly identified.
For official notification click on below link