It all looks good actually. We were not supposed to get our limits lowered but rather have KYC enforced. That's still going to happen, but not until the 19th of October and AFAIK, The 0.06 BTC thing is no longer valid.
Yesterday, everyone's account permission has been changed to withdraw-only, meaning you won't be able to do anything on the platform except for withdrawing funds. This is just meant to make people more aware of the KYC situation, and also give these who are not willing to comply more time to withdraw their funds, so there are not complaints later.
Wasn't everyone's accounts who weren't verified turned to withdraw-only status? Cause it is for me, where I think I can only withdraw until mid october and I still have my daily BTC withdrawal rate of 2.0 BTC a day. Isn't it the same for everyone?
Also wanted to know, what are the thoughts of everyday binance users who didn't verify yet. Are y'all gonna verify or go find another exchange? Curious.
if you are happy with binance services, you will comply with their kyc requirements. anyway, their approval is very fast. but for those who don't want to undergo this procedure, they will opt to use the services of other exchanges. i guess, binance is doing the implementation of kyc to all users so as to comply for possible government requirements they are operating. they don't want to get trouble so they will enforce this kyc thing before any prob arises.