Binance tightens rules for India users, falls in line (opens original article in a new tab)

Binance has implemented stricter verification processes for Indian users, requiring detailed information for crypto transactions to improve traceability and comply with regulatory concerns about cross-border fund flows.

• Binance requires Indian users to provide detailed information for crypto deposits and withdrawals to enhance traceability
• New procedures effective June 22, 2026, include originator and beneficiary details for cross-border transactions
• Regulators are concerned about potential misuse of crypto for circumventing foreign exchange rules