Wow! Things escalated rather quickly. From 2 BTC daily limit for unverified users down to just 3% of it at 0.06 BTC all of a sudden, with others even complaining that theirs is 0.05 BTC. From basic verification to intermediate verification compulsory for every single user. It seems Binance is not just complying with government regulations; they are going the extra mile for them.


There's probably not much difference as far as Binance P2P is concerned. In the first place, KYC was already mandatory even before for every Binance user to get access to their P2P platform.