(Thread) We just hosted a 1-hour press conference to share the active steps we’re taking to build upon our efforts to be more compliant with local regulations everywhere.
I’d like to share these updates with you now too.
I’d like to share these updates with you now too.
@binance we will continue to adapt to new regulations in order to best serve our users. So, what are we actually doing?
Here are some things we just announced, with more to come.
Here are some things we just announced, with more to come.
We have commenced processes for licenses & approvals where there is an existing legal framework for crypto exchanges. This includes on-going work across Asia-Pacific, EMEA and Latin America.
We will actively work with regulators as more crypto-specific frameworks are introduced.
We will actively work with regulators as more crypto-specific frameworks are introduced.
We’re enhancing our KYC efforts to further our leadership in this area.
Daily withdrawal limits will be adjusted from 2 BTC to 0.06 BTC (roughly ~$2,000 USD) for accounts who have only passed Basic account verification.
binance.com/en/support/ann…
Daily withdrawal limits will be adjusted from 2 BTC to 0.06 BTC (roughly ~$2,000 USD) for accounts who have only passed Basic account verification.
binance.com/en/support/ann…
As I shared earlier this week, Binance Futures has been limiting new futures accounts opened within the past 30 days to 20x leverage from July 19.
From 27 July we will extend the limit to accounts opened within the past 60 days.
binance.com/en/support/ann…
From 27 July we will extend the limit to accounts opened within the past 60 days.
binance.com/en/support/ann…
We just launched a new tax reporting tool. It’s an API which you can use to track crypto activities and connect to third party tax vendors to streamline reporting requirements.
binance.com/en/support/ann…
binance.com/en/support/ann…
We are actively hiring leadership with regulatory and compliance experience.
There are no immediate plans to replace me as CEO. (Journalists like to mis-quote this). I always humbly invite everyone @binance or outside to raise their hand at this job. 🙋♀️🙋♂️
There are no immediate plans to replace me as CEO. (Journalists like to mis-quote this). I always humbly invite everyone @binance or outside to raise their hand at this job. 🙋♀️🙋♂️
More to come. Stay tuned.
Binance is ready to assist regulators from around the world and together find the optimal way to set a fair playing field - consumer protection is important to all of us. We want to create a sustainable ecosystem around blockchain technology.
Binance is ready to assist regulators from around the world and together find the optimal way to set a fair playing field - consumer protection is important to all of us. We want to create a sustainable ecosystem around blockchain technology.
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