Binance has announced a mandatory identity verification process for all Indian users—both new and existing. Binance’s latest initiative requires Indian users to undergo identity verification, including the submission of Permanent Account Number (PAN) details. This move is designed to bolster account security and ensure compliance with Indian AML legislation. The KYC re-verification process will be applicable to all users in India, regardless of whether they are newly registering or have been using the platform previously.