Binance Requires KYC Re-Verification for All New and Existing Users in India to Comply With AML Rules and Ensure Data Security

Binance, a leading cryptocurrency exchange, has mandated that all users in India, both new and existing, must undergo KYC (Know Your Customer) re-verification to comply with updated anti-money laundering (AML) regulations. This requirement is part of Binance's efforts to ensure compliance with local AML rules and enhance data security. The re-verification process is mandatory for continued access to Binance's platform in India, aligning with regulatory standards aimed at preventing financial crimes.

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