Binance Cracks Down on India Users with Stricter Crypto Rules

Binance, the world's largest cryptocurrency exchange, has tightened its rules for Indian users to enhance transaction traceability and address concerns from regulators.

The new procedures, effective June 22, 2026, require users to provide more details when receiving crypto assets into a Binance wallet.

This includes information on the originator: name, permanent account number or national ID number, country of residence, and complete address along with pin code. The same details are also needed for beneficiaries.