With the trust of regulators and AML are focused on supports innovation, it enables greater thing that these processes bring especially as crypto becomes more by compliant new products and operate safely at a global.
These levels of verification help ensure security, compliance with regulations, and access to a wide range of features on the platform. The goal of the background test is to perform a risk assessment. Step 4: Users in EU countries must provide valid proof-of-address documents before they can access the Binance ecosystem. For detailed information on how to complete identity verification on Binance, visit our FAQ article. While the recent regulatory scrutiny of Binance may cause concern for some users, it is important to note that the exchange has pledged to work closely with regulators to address any issues and improve compliance measures.
