Binance has made its platform safer by tightening security measures to prevent misuse of accounts. Users must follow these new rules or risk being suspended.
They took action because some users were exploiting different account types to get unfair advantages, like lower fees. Binance offers various account options, but some people abuse them to avoid rules or even sell special account access.
Binance has Enhanced Security Measures and Expanded its Operations.
To stop this, Binance improved how they monitor accounts to catch misuse early. They’re now enforcing stricter penalties, like suspending or banning accounts, for breaking their rules. They also started a program to reward users who report misuse.
Separately, Binance updated rules for users in the UAE. They got a license in Dubai and are moving UAE accounts to a new platform, Binance FZE. Users need to update their account info by a deadline to move smoothly.
This move helps Binance follow local rules better and expand services in the UAE, like lending and investing. They’re also running a promotion for UAE users who update their info quickly, showing they’re serious about following local laws while growing their business.
