Here’s the note from Binance:
Binance reviews its products and services on an ongoing basis to determine changes and improvements in light of evolving global compliance standards. To improve user protection and provide a safe environment for all, Binance is making the following changes:
Effective immediately, all new users are required to complete Intermediate Verification to access the products and services offered by Binance, including cryptocurrency deposits, transactions and withdrawals.
Existing users who have not yet completed Intermediate Verification will have their account permissions temporarily changed to “Withdrawal Only”, with services limited to withdrawal, order cancellation, position closure and redemption. This will be done in phases to minimize disruption to the user experience, from now until October 19, 2021.
Existing users will be notified directly with more details. Once users complete the interim verification, they will be able to resume full access to Binance’s products and services.
Binance strongly advises users to complete their intermediate verification in a timely manner to avoid delays in the verification process and restrictions on their access.
Binance is announcing these measures to help support its efforts in Know Your Customer (KYC) and Anti-Money Laundering (AML). This will further improve user protection and combat financial crime.
