The Bitcoin change Binance has warned customers in Poland about modifications to the processes for depositing and withdrawing cryptocurrency.
Based on the announcement, beginning January 20, shoppers might want to present their full identify, nation, and change identify (if relevant) throughout the next transactions:
- For deposits over €1,000 — sender data;
- For withdrawals of any quantity — recipient data.
Binance representatives defined that these modifications are pushed by the implementation of the EU regulation on digital property (MiCA) and solely have an effect on cryptocurrency transfers.
In December 2024, Bybit introduced it could stop all providers in France resulting from stricter licensing necessities.
Beforehand, Coinbase warned about limiting entry to stablecoins that don’t adjust to MiCAand suspending rewards payouts for USDC holders within the EU.
Notably, Tether CEO Paolo Ardoino acknowledged that MiCA creates “systemic danger” for stablecoins and the banking system. MakerDAO founder Rune Christensen believes this may even influence DeFi.