Sub-accounts without the necessary KYC information will be fully restricted by May 20.
Crypto exchange Binance announced mandatory Know Your Customer (KYC) requirements for its Exchange Link account holders under the Binance Link Program.
On April 5, Binance said that only verified and compliant users will be given access to their sub-accounts. The rule also applies to subaccounts created for deposit purposes and are not used in trading.
The exchange said it had been applying restrictions to non-compliant sub-accounts since March 20 and giving an ultimatum to unverified subaccount holders.
