Are you a Binance customer?
The Money Laundering Act's requirement to know the customer (KYC principle)
The purpose of the customer measures is for the reporting parties to know their customers, including who they are, the more detailed content of the customer relationship, which services and products they use with the reporting party, and the scope of the customer relationship.
Normally, to be able to get an account with Binance, you have to prove yourself with ID, for example with your passport, documents that show your residential address and a face recognition that is checked against your passport.
Now Binance has been required by the authorities to request more information about you. I do not yet know which authorities have ordered Binance to collect more information. (KYC principle)
Are you one of those who have been asked to provide Binance with additional information about yourself?
I have now been asked to declare assets, debts and property that I own. Even debts/loans I have. And bank statements.
I have answered some of their requests so far, but now they have also asked me to submit a marriage certificate to confirm that I am married to my wife, probably to confirm that I and my wife own the property together. And now they have also asked me for the deed on our property.
Can there really be an emergency with all the information that the authorities have now ordered Binance to collect from its customers?
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KYC is all about tax, that´s the reason behind, they (Binance) holding assets on your behalf, and they had to fullfil the rules from your countries financial laws and that of the EU also, and the bigger your assets are the bigger there hunger for taxing it will be, that´show the system works. You gain something and they ask for their "fair share" of your profits for which you before had shoulderd the risk alone, that´s risk minimizing par exelence.
The marriage certificate has to do probably also with the tax situation depends on your countries tax rules, capital gains are normaly directly tied to the individual not to the couple, maybe there is some deeper concerns behind it, better be prepared.
The matter has now been resolved with Binance, but it took time.
I had to get a bunch of documents to be approved by them
glad to hear that ;)
Regardless of the rules, the marriage certificate was strange
That's why I'm asking if others have been asked that question
I agree with @don-t, they require a marriage certificate for tax reasons.
Thank you, friend!
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DEX is the way to go ;-)
Have read about DEX, but that also means more fees when it runs on the Ethereum blockchain, I think
I like Osmosis https://app.osmosis.zone/ which runs on ATOM.
Really low fees and userfriendly even for small amounts to change.
From Osmosis I can reach almost all other blockchains , hopefully will Steem be on the long run there too ;-)
I have not received any such information from Binance. But the funny thing is that they are asking for marriage certificate from you and it made me laugh. Anyway thanks for bringing up a very important post.
marriage certificate, when they asked about it I wondered about it too
Thanks for your feedback...
Actually, brother, I don't think I should give these things in such an important place. These things are more important to me as my life is. Yes whatever is given can be given if there is something in my personal matter. But I did not think it importum in this place to know that the property in my place belonged to my wife.
Yes, the property was enough to confirm that my wife is also the owner
thanks brother. Read my comment to reply you. My opinion is for you to like.
OMG First time I hear that! I haven't been asked to provide Binance additional information yet. I would suggest speaking to your lawyers first before you proceed any further. That's at least how I would have gone about it.
yes, I think they are asking too much
No further information has been requested from me yet. But I haven't done many transactions through Binance in the last few months.
If I have an account with Binance as a single person, it should not really matter if I am married. I also find the question about a property incomprehensible. My bank has not asked me about this yet either.
Yes, the account is mine and has nothing to do with my wife
The matter has now been resolved with Binance, but it took time.
I had to get a bunch of documents to be approved by them