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Blockchain

Binance Expands Global KYC Requirements to Further User Protection

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Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has today announced the global rollout of its Intermediate Verification requirement for all users.

Intermediate Verification supports Binance’s Know Your Customer (KYC) and Anti-Money Laundering (AML) efforts as part of the organization’s redoubling of efforts to further enhance user protection and risk management protocols.

Changpeng Zhao (CZ), Founder and CEO of Binance, said: “User protection is an integral part of our DNA and core values. Our vision is to create a sustainable ecosystem that is safe for all participants. In the last four years we have laid the groundwork by investing heavily in security and user protection, supporting law enforcement from around the world with high-profile investigations and helping cybercrime victims recover millions of dollars worth of stolen funds.”

“We aim to work more collaboratively with policy-makers to improve global standards and discourage bad actors.”

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In the last 30 days, Binance has announced significant investments towards user protection, including (but not limited to) senior compliance appointmentscompliance technology deploymentsTax Reporting Tool launchupdates to leveraged tradingchanges to withdrawal limits and updates to API services.

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Blockchain

Global Islamic Fintech Forum Kicks off in Dubai

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Global Islamic Fintech Forum Kicks off in Dubai

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Blockchain

Relm Insurance and Liva Insurance Obtain Central Bank Approval in the UAE for Web3 Insurance Solutions

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Blockchain

Valuit: Revolutionizing Access to Private Markets in the Digital Economy

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Valuit LLC

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