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.
What other choice they got?
I am not sure which government requires them to decrease the daily withdrawal limit from as high as 2
BTC to just a mere 0.06
BTC. In my mind, this is just Binance trying to please the powerful regulators in order to keep their business operations in whichever jurisdiction afloat.
I fully agree that there should be a symbiotic relationship between governments and private enterprises. I guess that's the healthy way of doing business. However, there's a lot of conflict and probably unwanted compromises, too, when it comes to certain aspects such as, in this case, privacy.