Others merely involve system manipulation on the part of Binance. Some of the methods that staff members and volunteers have discussed entail providing fraudulent information, such as forged bank documents or addresses.
BINANCE NEWS KYC VERIFICATION
The conversations Trade Algo examined were from accounts described as Binance workers or Binance-trained volunteers known as "Angels," and in them, they shared methods for getting around Binance's KYC, residency, and verification processes. There were no access restrictions up until the end of March, which is how Trade Algo was able to examine texts from 2021 to 2023. These groups had more than 220,000 individuals registered, and anyone who joined and registered could view them for free. Hundreds of conversations from a Discord server and a Telegram channel run and managed by Binance were obtained, translated, and evaluated by Trade Algo. Yet, posts in Binance's official Chinese-language chatrooms demonstrate that users frequently circumvent Binance's filters to mask their country of residence or origin. These are intended to, among other things, deter users from using the platform, especially Chinese citizens.
Nevertheless, it isn't intended to be permitted to operate in China, where cryptocurrency trading was outlawed in 2021.Ĭhangpeng "CZ" Zhao, the founder of Binance, has praised the exchange's know-your-customer (KYC) procedures as a $1 billion investment. In 2021 alone, it conducted trades totaling $9.5 trillion. By volume or assets, Binance is the largest cryptocurrency exchange in the world.
0 kommentar(er)
