Re-Verification For INDIAN Users
Yes, Binance has officially mandated KYC (Know Your Customer) re-verification for all Indian users, both new and existing. This update was announced on April 18, 2025, as part of Binance's efforts to comply with India's anti-money laundering (AML) regulations and to enhance account security.
Key Details:
Mandatory PAN Verification: Users are required to submit their Permanent Account Number (PAN) details as part of the KYC process. This aligns with Indian AML laws and is a standard requirement for all crypto platforms registered under India's AML legislation
Deadline: While Binance has not specified a universal deadline, reports indicate that users who fail to complete the re-verification by April 20, 2025, may face restrictions on trading and withdrawals.
Compliance Status: Binance is now registered with India's Financial Intelligence Unit (FIU-IND), reinforcing its commitment to adhere to local financial regulations BINANCE
What You Should Do:
1. Check Your Email: Binance has sent detailed instructions regarding the re-verification process to affected users.
2. Complete KYC Re-Verification:
Log in to your Binance account.
Navigate to the "Identity Verification" section.
Submit the required documents, including your PAN card.
Complete the live face verification process.
3. Act Promptly: To avoid any disruptions to your account, it's advisable to complete the re-verification process as soon as possible.
#KYCVerification