Binance lowers withdrawal limit for unverified users – Bits Media

Binance Crypto Exchange Announced, which reduces the withdrawal limit for users with basic verification to 0.06 BTC. Previously, such users could display by 2 BTC per day.

For new accounts, the changes took effect immediately after
ads. For already of registered users, the limits will be reduced in the period from 4 by 23 August.

Seems to be, this decision is due to increasing regulatory pressure on the site. Although the exchange's official Twitter account says, what is the limitation "better corresponds to the current value of BTC".

Binance CEO Changpeng Zhao (Changpeng Zhao) noted, that the exchange is making massive efforts to comply with regulatory requirements, especially in the current situation.

“We are strengthening our KYC procedures, to remain industry leaders. We are constantly reviewing our policies, to exceed industry standards ", - stated Zhao.

Previously, the site announced, that the maximum leverage for futures will be limited to 20x. However, this limitation is introduced only for accounts no older 30 days.