Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
FxWirePro- Major Crypto levels and bias summary 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
The world's biggest cryptocurrency exchange Binance would begin demanding stricter background checks on customers to bolster efforts against money laundering in response to global pressure by regulators.
Binance users will now have to complete a verification process to access its products and services, otherwise, they would only be allowed to withdraw funds, cancel orders, and close positions.
Users must provide an ID card, driver's license, or passport, it said.
Until now, Binance only asked users seeking higher limits on trading for ID checks.
Binance CEO Changpeng Zhao said they aim to collaborate more with policy-makers to improve global standards and discourage bad actors.
Binance, which processed spot trades worth $455 million in July, has faced warnings and curbs from financial watchdogs from the UK and Germany to Japan.
European Central Bank President Christine Lagarde and US Treasury Secretary Janet Yellen were among those voicing concerns over crypto money laundering, with other regulators particularly concerned with Binance.
The Dutch central bank said Binance was not in compliance with its anti-terrorist financing and anti-money laundering laws.
The exchange, whose holding company is registered in the Cayman Islands, has scaled back its product offerings and said it wants to improve relations with regulators.
