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Binance announced that, starting January 20, 2025, Polish users will be required to provide additional sender and beneficiary information for crypto deposits and withdrawals above €1,000 to comply with European Union (EU) regulations. The update was posted on their website on January 16.
According to their website, Binance Poland will require users to provide detailed sender and beneficiary information for crypto deposits over €1,000 and all withdrawals. This update aligns with EU regulatory requirements and aims to enhance compliance with Markets in Crypto-Assets (MiCA) guidelines. Transactions may be delayed or returned if the required information is not provided during deposits or withdrawals.
The European Union's website states that the MiCA Regulation, effective from December 30, 2024, establishes a unified framework across the EU for the issuance and provision of services related to crypto-assets. The regulation aims to enhance consumer protection, ensure market integrity, and foster innovation within the crypto-asset sector.
