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.
Could they say "no" to the governments if they were the ones that asked binance to lower their withdrawal limits? No. Impossible.
The government can and ask whatever they want from them. If the company don't like the government, they can switch countries.
However, what happens if no government like binance? Then they'll become a company without a partner which means they cannot survive.