Binance, a centralized cryptocurrency exchange, has announced updates to its transfer procedures for users in Belgium and Poland. The changes are aimed at increasing regulatory compliance within the European Union and will take effect on the 20th of this month. Users will need to provide information about the sender and beneficiary for cryptocurrency transfers exceeding €1,000 or equivalent value in other fiat currencies. Failure to provide the required details may result in rejections or delays in transfers. Binance will handle user data in accordance with privacy and EU regulations, reflecting the exchange's commitment to regulatory compliance and user security.



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