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Binance Users Discouraged from Wasabi Wallet

Published 12/20/2019, 04:29 AM
Updated 12/20/2019, 05:41 AM
 Binance Users Discouraged from Wasabi Wallet

In another case of tightening KYC procedures, Binance seems wary of the usage of the Wasabi wallet. The exchange has warned traders for withdrawals to a service that could potentially allow the mixing and obscuring of coins.

A user noted that the Binance exchange also had a way to track which wallet was used for withdrawals. After noticing a transfer to a Wasabi wallet, the exchange demanded additional information on the trader’s profile.

https://twitter.com/bittlecat/status/1207621591820951552

So far, mostly deposits have been suspicious, based on the origin of funds. Exchanges are still not required to prove all the origins of all the coins, and tracking is sporadic. However, after 2020, new requirements may boost reporting and add more data to ...

This article appeared first on Cryptovest

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