worlds largest cryptocurrency exchange Binance is changing its
internal polices and is cracking down on wayard users.
This news comes with a day of Binance announcing that it is formally expanding into the U.S market via a new dedicated platform. The exchange has previously stated that it will strengthen its compliance and security practices through partnerships with companies such as Chainalysis and KYC/AML tool provider IdentityMind.
“Binance constantly reviews user accounts to improve our platform security and to comply with global compliance requirements,” the company said, adding:
Prior to this, Binance had listed 15 countries and six U.S. states (including New York) on a “restricted countries list” page of their site.