Binance Asks Prime Brokers to Enhance KYC to Block U.S. Nation | Crypto Market Time
Binance Asks Prime Brokers to Enhance KYC to Block U.S. Nationals: Bloomberg
Binance is asking its prime brokers to do enhanced Know Your Customer (KYC) work on clients to ensure that they aren’t serving U.S. nationals, according to a report from Bloomberg. “Binance is fully committed to compliance and has made public how it assesses end users who can access the Binance platform," the exchange said in a statement published on Bloomberg. “By making its standard transparent, Binance gives clarity to enterprises who want to access its market-leading liquidity.”
