According to the official announcement, Binance has stated that, in order to comply with EU regulatory requirements, it will adjust cryptocurrency deposit and withdrawal processes for users in Poland and Belgium starting from January 20, 2025.

Under the new regulations, deposit transactions exceeding €1,000 (or the equivalent currency) will require sender information, while withdrawals of any amount will require recipient details, including full name, country, and (if applicable) the exchange name. If users fail to provide the necessary information, transactions may be delayed or returned.

Changes in Cryptocurrency Deposit and Withdrawal Processes

Deposits to Binance (for transfers exceeding €1,000 or equivalent in other currencies): Users will be required to provide sender information when receiving funds.

Withdrawals from Binance: Users will need to provide recipient information when sending any amount of cryptocurrency.

Users will see a pop-up message prompting them to provide additional information about the sender or recipient while carrying out deposit or withdrawal transactions.

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