In order to better comply with global regulations, all users of the exchange must authenticate with their documents, Bainance said in an official statement.
According to Notifications The official website of Bainance, all users of this exchange must now perform authentication to the “average” level. This type of authentication requires sending an image of the identification documents. These conditions apply to new users immediately and to current users until October 19 (October 27).
Users who do not authenticate in Bainance will only be able to withdraw their balance into their personal wallet and will not be allowed to deposit or trade.
Accordingly, since users living in Iran can no longer authenticate in Bainance due to sanctions, they are no longer able to trade in Bainance.