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Cryptocurrency exchange Binance lost "about 90% of customers and billions of dollars in revenue" due to the introduction of KYC. Representatives of the exchange's regulatory compliance team stated this in an interview with CoinDesk

According to them, in July 2021, Binance introduced withdrawal restrictions for unverified users. As a result, the daily withdrawal limit decreased from 2 BTC to 0.06 BTC. this was done to fight money laundering and reduce illegal activity, but it directly affected the number of users and the company's income

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