Binance Tightens Rules in South Africa
Key Notes
- South African users must provide sender/receiver details for crypto transfers.
- New rules apply to both deposits and withdrawals from April 30.
- Non-compliant users may face delays or transaction cancellations.
Binance has announced that, starting April 30, South African users must follow stricter compliance rules and provide sender or receiver details for crypto deposits and withdrawals.
In the announcement made on its website, Binance stated that the change aligns with local regulations set by South African authorities. As part of the update, users will be required to re-log into their accounts, so they should make sure to remember their login details.
Depositing Crypto into Binance
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