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New Binance Regulations Demand Sender and Receiver Info for South African Crypto Transfers
Binance tightens crypto transfer rules in South Africa, enforcing user identity checks and compliance prompts starting this month.
$BTC $ETH
Crypto exchange Binance announced on April 22 that it will begin requiring more detailed information for cryptocurrency transfers involving South African users, a move prompted by local regulatory obligations. These new measures, scheduled to take effect on April 30, will impact how deposits and withdrawals are processed on the platform. As part of the rollout, users will also need to log in to their accounts again beginning April 24.
In its announcement, Binance stated:
Under the new system, users receiving crypto must provide the sender’s information, while those withdrawing funds must supply beneficiary details such as full name, country of residence, and the destination exchange’s name if applicable.
For personal transfers between the user’s accounts across different exchanges, Binance clarified: “If you are sending assets to yourself on another exchange, you will only need to provide the name of the receiving crypto exchange.”
The updated procedures will be integrated into the user interface through mandatory pop-up prompts during the execution of deposit and withdrawal transactions. These prompts will collect the required sender or recipient data before a transfer can proceed. Binance emphasized that the adjustments are confined to crypto transfer operations and do not affect other parts of the platform. The exchange did not indicate whether similar compliance measures are planned for users in other countries, though it did stress that these steps are necessary for maintaining service continuity in South Africa.
This announcement came as Binance is intensifying its global compliance efforts. In India, for instance, the crypto exchange now requires all users to re-verify their identities to comply with the country’s anti-money laundering (AML) regulations.
#BinanceHODLerSIGN #CryptoMarketCapBackTo$3T
$BTC $ETH
Crypto exchange Binance announced on April 22 that it will begin requiring more detailed information for cryptocurrency transfers involving South African users, a move prompted by local regulatory obligations. These new measures, scheduled to take effect on April 30, will impact how deposits and withdrawals are processed on the platform. As part of the rollout, users will also need to log in to their accounts again beginning April 24.
In its announcement, Binance stated:
Under the new system, users receiving crypto must provide the sender’s information, while those withdrawing funds must supply beneficiary details such as full name, country of residence, and the destination exchange’s name if applicable.
For personal transfers between the user’s accounts across different exchanges, Binance clarified: “If you are sending assets to yourself on another exchange, you will only need to provide the name of the receiving crypto exchange.”
The updated procedures will be integrated into the user interface through mandatory pop-up prompts during the execution of deposit and withdrawal transactions. These prompts will collect the required sender or recipient data before a transfer can proceed. Binance emphasized that the adjustments are confined to crypto transfer operations and do not affect other parts of the platform. The exchange did not indicate whether similar compliance measures are planned for users in other countries, though it did stress that these steps are necessary for maintaining service continuity in South Africa.
This announcement came as Binance is intensifying its global compliance efforts. In India, for instance, the crypto exchange now requires all users to re-verify their identities to comply with the country’s anti-money laundering (AML) regulations.
#BinanceHODLerSIGN #CryptoMarketCapBackTo$3T
#TradingTypes101
Assalamu Alaikum, how are you all? This topic today is a very good article. I may not be an expert in this subject. I will learn through discussions with you. Inshallah.
Assalamu Alaikum, how are you all? This topic today is a very good article. I may not be an expert in this subject. I will learn through discussions with you. Inshallah.
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Binance BTC/USDT Liquidation Heatmap
#TradingTypes101 #CEXvsDEX101 #Ordertypes101 #Liquidity101
$BTC
24 hours
Liquidation heatmap: In short, it predicts price levels where large-scale liquidation events may occur. A liquidation event occurs when a trader's position is closed due to price fluctuations, and their margin account balance is insufficient for the open position. To prevent further losses for both traders and exchanges, most exchanges offer a liquidation level, which is the price at which leveraged trades will be forcibly closed.
$BTC
24 hours
Liquidation heatmap: In short, it predicts price levels where large-scale liquidation events may occur. A liquidation event occurs when a trader's position is closed due to price fluctuations, and their margin account balance is insufficient for the open position. To prevent further losses for both traders and exchanges, most exchanges offer a liquidation level, which is the price at which leveraged trades will be forcibly closed.
HUMA Token to Debut on Binance Alpha with Airdrop on May 26
As per the tokenomics of Huma, the overall supply of HUMA is capped at around 10 billion tokens.Around ⅓ unlocking will be done at TGE, and the remaining will be done in the coming six months.
The native token of Huma Finance, HUMA, is going to have its official debut on Binance Alpha on May 26. On May 26, Binance confirmed through an announcement that HUMA will be registered on Binance Alpha.
Binance Alpha is an early access section of the platform that demonstrates trending and guaranteeing Web3 projects. The registration will showcase its first official appearance of the token and will go live alongside Huma Finance’s Token Generation Event (TGE), which is also scheduled for May 26.
However, the time of launch has not been revealed yet. Binance Alpha will also have an airdrop campaign within the framework of the launch. Users can use their Alpha Points, a reward system given by Binance for early engagement, to get HUMA tokens.
It is noteworthy that being registered on Binance Alpha does not indicate that it is automatically listed on the main exchange of Binance. So far, the projects that gain momentum indicate that strong community support is expected for a spot listing.
The Tokenomics of Huma
As per the tokenomics of Huma, the overall supply of HUMA is capped at around 10 billion tokens, having 17.33% determined to be in circulation at the time of launch. In overall supply, around 500 million HUMA tokens have been allotted for the Season 1 airdrop.
Around 65% of this will be given to Liquidity Providers who backed pools on Huma Institutional and Huma 2.0. The majority of the airdrop rewards will be completely unlocked at TGE, excluding institutional LPs and ecosystem partners, whose rewards will work according to a vesting schedule.
Around ⅓ unlocking will be done at TGE, and the remaining will be done in the coming six months. As per tokenomics, around 31% of the overall supply is given to support liquidity and ecosystem advancement.
20.6% is kept for investors, 19.3% is reserved for the Huma team and advisors, and 11.1% is reserved in the protocol treasury. Tokens reserved for the team as well as investors will be locked for the first year. After this, they will enable slowly over a three-year period
The native token of Huma Finance, HUMA, is going to have its official debut on Binance Alpha on May 26. On May 26, Binance confirmed through an announcement that HUMA will be registered on Binance Alpha.
Binance Alpha is an early access section of the platform that demonstrates trending and guaranteeing Web3 projects. The registration will showcase its first official appearance of the token and will go live alongside Huma Finance’s Token Generation Event (TGE), which is also scheduled for May 26.
However, the time of launch has not been revealed yet. Binance Alpha will also have an airdrop campaign within the framework of the launch. Users can use their Alpha Points, a reward system given by Binance for early engagement, to get HUMA tokens.
It is noteworthy that being registered on Binance Alpha does not indicate that it is automatically listed on the main exchange of Binance. So far, the projects that gain momentum indicate that strong community support is expected for a spot listing.
The Tokenomics of Huma
As per the tokenomics of Huma, the overall supply of HUMA is capped at around 10 billion tokens, having 17.33% determined to be in circulation at the time of launch. In overall supply, around 500 million HUMA tokens have been allotted for the Season 1 airdrop.
Around 65% of this will be given to Liquidity Providers who backed pools on Huma Institutional and Huma 2.0. The majority of the airdrop rewards will be completely unlocked at TGE, excluding institutional LPs and ecosystem partners, whose rewards will work according to a vesting schedule.
Around ⅓ unlocking will be done at TGE, and the remaining will be done in the coming six months. As per tokenomics, around 31% of the overall supply is given to support liquidity and ecosystem advancement.
20.6% is kept for investors, 19.3% is reserved for the Huma team and advisors, and 11.1% is reserved in the protocol treasury. Tokens reserved for the team as well as investors will be locked for the first year. After this, they will enable slowly over a three-year period
#BinanceAlpha #BinancePizza $init
Little Seed
I plant a little seed
In the ground.
Out comes the sun
Big and round.
Down comes the rain drops
Soft and slow.
Up comes a flower
Grow, grow, grow!
Little Seed
I plant a little seed
In the ground.
Out comes the sun
Big and round.
Down comes the rain drops
Soft and slow.
Up comes a flower
Grow, grow, grow!
#BinancePizza #BinanceAlphaPoints #LaunchpadWars #CryptoCPIWatch
Cash Deposit Limit in Saving Account as Per Income Tax Act 2025 Updated
Cash Deposit Limit in Saving Account as Per Income Tax
The cash deposit limit in savings accounts refers to the maximum amount of cash that an individual can deposit within a specified period without attracting the attention of tax authorities. This limit is set by income tax regulations to monitor and regulate the flow of cash transactions, curbing the potential for money laundering, tax evasion, and other illicit financial activities.
As per the provisions outlined in the Indian Income Tax Act, there are specific regulations concerning cash transactions, including significant cash deposits. Individuals who deposit cash into a savings account and accumulate INR 10 lakh or more during a fiscal year are required to notify the tax authorities. For those holding current accounts, this reporting threshold is elevated to INR 50 lakh.
It’s essential to recognize that although these deposits aren’t subject to immediate taxation, financial institutions are obligated to report transactions that exceed these limits to the Income Tax Department.
Cash Deposit Limit in Saving Account as Per Income Tax Act 2025 Updated
Cash Deposit Limit in Saving Account as Per Income Tax
The cash deposit limit in savings accounts refers to the maximum amount of cash that an individual can deposit within a specified period without attracting the attention of tax authorities. This limit is set by income tax regulations to monitor and regulate the flow of cash transactions, curbing the potential for money laundering, tax evasion, and other illicit financial activities.
As per the provisions outlined in the Indian Income Tax Act, there are specific regulations concerning cash transactions, including significant cash deposits. Individuals who deposit cash into a savings account and accumulate INR 10 lakh or more during a fiscal year are required to notify the tax authorities. For those holding current accounts, this reporting threshold is elevated to INR 50 lakh.
It’s essential to recognize that although these deposits aren’t subject to immediate taxation, financial institutions are obligated to report transactions that exceed these limits to the Income Tax Department.
#BinancePizza #BinanceHODLerNXPC #CryptoRegulation #BinanceAlphaAlert #CryptoCPIWatch
My very favorite person. Let me know who's favorite person is by commenting.
$BTC
My very favorite person. Let me know who's favorite person is by commenting.
$BTC
KERNEL/USDT
Giveaway
Claim your red packet for free.
#BinanceAlphaAlert #StablecoinPayments #AirdropSafetyGuide #Trump100Days #Giveaway
$BANANAS31
$XRP
Claim your red packet for free.
#BinanceAlphaAlert #StablecoinPayments #AirdropSafetyGuide #Trump100Days #Giveaway
$BANANAS31
$XRP
#not #AITokensBounce #BTCRebound #ton
$SOL $BNB
Binance Dual Investment Supports Toncoin (TON), Notcoin (NOT), and Dogs (DOGS).
Start today.
$SOL $BNB
Binance Dual Investment Supports Toncoin (TON), Notcoin (NOT), and Dogs (DOGS).
Start today.
#AXL
#AirdropFinderGuide
#BinanceHODLerSIGN
Promotion A: Subscribe to AXL Locked Products to Enjoy Up to 20% APR Rewards!Promotion Period: 2025-02-27 00:00 (UTC) to 2025-08-25 (23:59)
(UTC)Offered Products
Digital Asset
Duration
APR During the Promotion Period
Min. Subscription Limit per User
Max. Subscription Limit per User
Max. Subscription Limit for All Users
AXL 20 days 3% 0.1 AXL 10,000 AXL 4,000,000AXL
$INIT $BNB $BTC
#AirdropFinderGuide
#BinanceHODLerSIGN
Promotion A: Subscribe to AXL Locked Products to Enjoy Up to 20% APR Rewards!Promotion Period: 2025-02-27 00:00 (UTC) to 2025-08-25 (23:59)
(UTC)Offered Products
Digital Asset
Duration
APR During the Promotion Period
Min. Subscription Limit per User
Max. Subscription Limit per User
Max. Subscription Limit for All Users
AXL 20 days 3% 0.1 AXL 10,000 AXL 4,000,000AXL
$INIT $BNB $BTC
#TariffPause
Binance's Ido has good offers, if you want, you can join this Ido and earn good income. You have to do some work to join Ido, for example, you need to have a minimum of 1BNB. Remember that this Ido offer comes from Binance's Web 3 wallet. If your Binance exchanger has $BnB, then you have to transfer BnB to Web 3 wallet first. Another thing is that you must check whether you are eligible for this offer. If you are not eligible, you have to fill in the category that they give. After that, you lock your BnB. It's good that you can earn profit. And this Ido's offer doesn't last long. It ends within 2 - 4 hours. Keep an eye on your Web 3 wallet and celebrate good profits. Think well and stay well. Thank you. $ETH
$BNB
Binance's Ido has good offers, if you want, you can join this Ido and earn good income. You have to do some work to join Ido, for example, you need to have a minimum of 1BNB. Remember that this Ido offer comes from Binance's Web 3 wallet. If your Binance exchanger has $BnB, then you have to transfer BnB to Web 3 wallet first. Another thing is that you must check whether you are eligible for this offer. If you are not eligible, you have to fill in the category that they give. After that, you lock your BnB. It's good that you can earn profit. And this Ido's offer doesn't last long. It ends within 2 - 4 hours. Keep an eye on your Web 3 wallet and celebrate good profits. Think well and stay well. Thank you. $ETH
$BNB
Bitcoin Tops $95K for the First Time in Months as Stocks Remain Flat
#TariffPause #Write2Earn $BTC $XRP $BNB
Bitcoin soared above $95,000 per coin on Friday morning—the first time it has topped that mark in two months.
In brief
• Bitcoin is now trading above $95,000 for the first time since February.
• Earlier in April, the leading cryptocurrency was priced below $75,000.
• Stocks on Friday were largely flat—but rallied earlier this week.
Bitcoin continued to soar Friday morning, surging above $95,000 per coin as stocks remained mostly flat.
The biggest cryptocurrency by market cap was recently priced at $95,354, CoinGecko data shows, after rising by nearly 2% over a 24-hour period. In the past seven days, it has risen nearly 13%.
Bitcoin rose as high as $95,563 earlier Friday. That's the highest price recorded since February 24.
#TariffPause #Write2Earn $BTC $XRP $BNB
Bitcoin soared above $95,000 per coin on Friday morning—the first time it has topped that mark in two months.
In brief
• Bitcoin is now trading above $95,000 for the first time since February.
• Earlier in April, the leading cryptocurrency was priced below $75,000.
• Stocks on Friday were largely flat—but rallied earlier this week.
Bitcoin continued to soar Friday morning, surging above $95,000 per coin as stocks remained mostly flat.
The biggest cryptocurrency by market cap was recently priced at $95,354, CoinGecko data shows, after rising by nearly 2% over a 24-hour period. In the past seven days, it has risen nearly 13%.
Bitcoin rose as high as $95,563 earlier Friday. That's the highest price recorded since February 24.
BNB/USDT
#Vaulta this new and nice giveaway. I am joining the giveaway .
My Assets Distribution
USDC
INIT
Others
99.64%
0.10%
0.26%
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Thai police investigate illegal crypto trading activities.
Five people have been arrested in Bangkok, Chon Buri, and Phuket, with raids conducted at eight locations.
During a briefing on Thursday, tokens and other items were displayed after police raids at eight locations associated with illegal crypto trading in Bangkok, Phuket, and Chon Buri.
During a briefing on Thursday, tokens and other items were displayed after police raids at eight locations associated with illegal crypto trading in Bangkok, Phuket, and Chon Buri.
Hey my friends, how are you all? I am very good. I have been trading on Binance for a long time but I did not know that doing such things on Binance can make good income from Binance. I have traded USDT through P2P on this Binance a lot. But I gave this USDT to fraudsters without understanding it. I have lost a lot of money. Now I want the cooperation of all levels of Binance members. What can I do on Binance so that I can recover all my losses. I want to be with everyone. I want everyone's cooperation and love. Thank you all. #BinanceHODLerHYPER #BTCRebound #BNBChainMeme #TrumpVsPowell #FederalReserveIndependence
$BNB #BinanceAlphaAlert #USChinaTensions
#BNBChainMeme
#BinanceLeadsQ1
#TrumpVsPowell
Pi Network Listing: Top Exchange Shares Cryptic Post Hinting Pi Coin Inclusion:
Top exchange HTX fueled Pi Network listing speculations with a cryptic post on social media hinting at Pi Coin's inclusion.
As Pi Coin continues to hover near the $0.6 mark, speculations are high over a major Pi Network listing’s impact on the crypto’s price ahead. The community has called for major updates from the Pi Core team or significant listing updates to help recover the asset’s price. Amid this, a top crypto exchange has shared a cryptic post, indicating a potential listing ahead and sparking market optimism
Top Crypto Exchange Sparks Pi Network Listing Speculations
A recent X post from HTX Exchange fueled speculations over a potential Pi Network listing. The exchange posted an image featuring the Pi Coin logo alongside other crypto projects. Though no direct announcement was made, the visual cue was enough to trigger optimism among Pi supporters.
Shortly after, Pi-dedicated media outlet The Times of PiNetwork commented on the image. They suggested that HTX might be preparing to list Pi Coin through a verified onboarding process. “HTX tagged the Pi logo in its latest X post. Could this mean a spot listing is on the way via KYB?” the platform posted, raising eyebrows across the crypto space.
#BNBChainMeme
#BinanceLeadsQ1
#TrumpVsPowell
Pi Network Listing: Top Exchange Shares Cryptic Post Hinting Pi Coin Inclusion:
Top exchange HTX fueled Pi Network listing speculations with a cryptic post on social media hinting at Pi Coin's inclusion.
As Pi Coin continues to hover near the $0.6 mark, speculations are high over a major Pi Network listing’s impact on the crypto’s price ahead. The community has called for major updates from the Pi Core team or significant listing updates to help recover the asset’s price. Amid this, a top crypto exchange has shared a cryptic post, indicating a potential listing ahead and sparking market optimism
Top Crypto Exchange Sparks Pi Network Listing Speculations
A recent X post from HTX Exchange fueled speculations over a potential Pi Network listing. The exchange posted an image featuring the Pi Coin logo alongside other crypto projects. Though no direct announcement was made, the visual cue was enough to trigger optimism among Pi supporters.
Shortly after, Pi-dedicated media outlet The Times of PiNetwork commented on the image. They suggested that HTX might be preparing to list Pi Coin through a verified onboarding process. “HTX tagged the Pi logo in its latest X post. Could this mean a spot listing is on the way via KYB?” the platform posted, raising eyebrows across the crypto space.
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Crypto Regulation
#BNBChainMeme #BinanceAlphaAlert #BinanceLaunchpoolINIT $BNB
Crypto regulation
April 19, 2025
This image depicts virtual currencies represented on a PC motherboard: Ripple, Bitcoin, Ethereum, and Litecoin. — Reuters/File
Borderless, open-sourced, volatile, and decentralized – crypto is rapidly evolving and constantly developing. These are not just buzzwords; they define a technology that challenges the foundation of traditional financial systems.
Crypto regulation
April 19, 2025
This image depicts virtual currencies represented on a PC motherboard: Ripple, Bitcoin, Ethereum, and Litecoin. — Reuters/File
Borderless, open-sourced, volatile, and decentralized – crypto is rapidly evolving and constantly developing. These are not just buzzwords; they define a technology that challenges the foundation of traditional financial systems.
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