Binance.com, the world’s largest cryptocurrency exchange, is revamping its internal policies and cracking down on wayward users.
The news comes less than a day after Binance announced it was formally expanding to the U.S. via a dedicated platform. The exchange also previously said it would strengthen its compliance and security practices through a number of partnerships, most notably with software provider Chainalysis and KYC/AML tool provider IdentityMind.
“Binance constantly reviews user accounts to improve our platform security and to comply with global compliance requirements,” the company said, adding:
Previously, Binance listed 15 countries and six U.S. states (including New York) on a “restricted countries list” page.
Binance CEO Changpeng Zhao image via CoinDesk archives