Regulatory pressure has forced crypto exchange Binance to slash the daily withdrawal limit for unverified users. The world’s largest crypto operator Binance categorizes users who have completed its lowest-tier account verification as non-KYC.
Binance has shrunk the daily withdrawal limits for these non-KYC users to 97%. From a limit of 2 BTC, unverified users can now only withdraw 0.06 BTC per day.
Binance is giving its existing non-KYC users enough notice. It was announced on Tuesday but plans to implement Binance’s new withdrawal limit between August 4 and August 23. However, new users will start with the new limits.
https://mycryptoparadise.com/binance-slashes-withdrawal-limit-for-unverified-users/
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