Binance tightens rules for India users, falls in line

Binance has introduced stricter disclosure requirements for Indian users on all crypto deposits and withdrawals, effective June 22, 2026. Users must now provide detailed beneficiary information for withdrawals and originator details, including PAN or national ID, country of residence, and complete address, for inbound deposits. The move aligns with FIU India travel rules and FEMA requirements, aiming to create audit trails for cross-border crypto flows, though no transaction limits have been imposed yet.