Binance to Enforce Stricter KYC on Business Clients from March 20, Full Restrictions by May 20

Binance has announced a significant tightening of its Know Your Customer (KYC) requirements for business clients, specifically affecting sub-accounts and those participating in the Binance Link Program. Starting from March 20, the cryptocurrency exchange will restrict access to Exchange Link subaccounts for clients who fail to provide additional verification information, impacting deposits and trading. This move aims to enhance compliance and security on the platform. By May 20, 2024, only verified and compliant sub-account holders who have met the new KYC standards will avoid full account restrictions, which may include losing access to their sub-accounts and restricted account access for incomplete KYC. This update underscores Binance's commitment to adhering to regulatory standards and ensuring a secure trading environment for its users.