Binance Poland Implements Stricter Crypto Deposit and Withdrawal Rules
Binance Poland is updating its deposit and withdrawal procedures to comply with EU regulatory standards, effective January 20, 2025. Key changes include:
- Implementation of dual-layered verification for all transactions.
- Users must provide detailed information for deposits over €1,000, including sender's name, country, and originating exchange.
- Withdrawals require beneficiary's full name, country, and exchange name if applicable.
- Failure to provide required details may lead to transaction delays or cancellations.
The updates align with the EU’s Markets in Crypto-Assets (MiCA) regulation aimed at enhancing transparency and security in crypto transactions.
In related news, Binance.US plans to restore USD services after suspending them due to legal challenges, while Binance Labs will rebrand to emphasize its independence under former CEO Changpeng Zhao, who will guide investment strategies despite being banned from Binance leadership.
Binance reported over 250 million registered users in 2024 and invested in 46 projects across various sectors, contributing to the growth of the BNB Chain ecosystem.