Binance, the world’s largest cryptocurrency exchange, decided to step up to identify its US users.
According to the news provided by Bloomberg, cryptocurrency exchange Binance, FalconX And hidden Road It requested leading brokers such as to step up their screening of US customers.
in the global stock market after the problems with the US Securities and Exchange Commission (SEC). Binance refrains from serving US usersTo prevent this, we recommend that scanning services be accelerated and Identifying US users as soon as possible he demanded. Additionally, it was requested that controls regarding customer information be tightened.
Because brokers generally serve institutional investors and therefore have access to information such as address and nationality of these investors. easy country detection They were reminded of what they could do.
A Binance spokesperson said in a statement shared with The Block: compatibility about decisive they are emphasized:
Binance is fully committed to compliance and has publicly stated how it evaluates end users who are able to access the Binance platform. By making its standard transparent, Binance is providing clarity to businesses looking to access its market-leading liquidity.
The lawsuit filed by the US Securities and Exchange Commission (SEC) against Binance and its suspension as a result $4.3 billion Binance’s US subsidiary after the penalty Binance US It was as if he had lost blood. In the following period, the income of the stock market 75% reduction happened.
On the other hand, unlike these US-based problems, Binance Global gained strength after the resignation of Changpeng Zhao. According to DeFiLlama data, Binance’s global total locked asset (TVL) value has increased since November. From $67 billion to $112.5 billion rose.