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Binance is introducing stricter identity verification measures for South African users transferring cryptocurrencies, effective April 30, 2025. The move aligns with the country’s evolving regulatory framework for digital assets. Failure to provide accurate details may result in delays or transaction cancellations.
- Binance mandates detailed sender/recipient info for SA crypto transfers from April 2025.
- New rules target deposits/withdrawals only; trading & staking unaffected.
- SA regulators (FSCA, SARS) are increasing crypto oversight with licensing & enforcement actions.
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