Oh what kind a circus this is, I think that 0.06 BTC daily withdrawal limit on Binance lasted only one week after they reduced it from 2 BTC.
However, I checked my old account that I don't use anymore and I still don't have any of those new limitations, and it is still showing me old withdrawal limit, maybe it needs time to be applied to all users.
Same here. My account still has the "old" daily withdrawal limitation of 2
BTC and no e-mail or notice for getting the full KYC procedure. It seems that they will integrate the changes country by country and not region by region. Seems though a bit odd to act like this...
There is currently class action lawsuit against Binance so that could be one of the reasons they are doing this.
They tried to avoid it but the margins are narrowing day by day for them and with this lawsuit against them, there is no other way but to follow and comply.
Owner itself wont really be dumb on just exchanging his business into some changes even though its really a hard one.
Sorry for those who do hate KYC but now they dont have any choice neither to deal with it or would jump into another one.
If he wanted to dump his business, he would do it by now. Since he decided to keep it, then he must comply, and that is what he does.
Indeed for us there is no other choise(?) but to do the same if we want to trade/ deal without restrictions.