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Binance Aus ramping up measures to protect vulnerable users, says CEO

08/30/2022

Less than a minute

2022.08.30 19:33

Binance Aus ramping up measures to protect vulnerable users, says CEO

Binance Australia is tightening up its onboarding process for new users as part of a push to protect users it’s flagged as most vulnerable to financial crypto crime.

The new measures were mentioned in Binance Australia’s June quarter Economic, Social, and Governance (ESG) report on Aug. 29, which noted that the exchange was working on a “stringent and user-focused onboarding experience” aimed at groups with a higher occurrence of financial crime.

08/30/2022

Less than a minute

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