Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
FxWirePro- Major Crypto levels and bias summary 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
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.
