Binance reduces the withdrawal limits for a number of users.
Changpeng Zhao announced the search for a successor to the role of head of the world's largest cryptocurrency exchange.
The Binance crypto exchange on Tuesday announced a reduction in the withdrawal limit for accounts with a basic verification level to 0.06 BTC per day. Previously, it was 2 BTC.
The company justified its decision with the desire to "support the current security of all users". Apparently, it was adopted due to the close attention of regulators around the world.
The restrictions will apply to all new users, and will be extended to existing accounts from August 4 to August 23. The basic level is the lowest level of account verification on Binance and is provided after filling in the basic information about the user, without confirming them with documents.
A few days ago, the exchange lowered the leverage for trading on futures to 20 from 125.
Binance CEO Changpeng Zhao at a press conference on Tuesday announced the search for a candidate who could take over the management of the company from him. He stressed that he would like to find a specialist with experience in interacting with regulators, since as an entrepreneur from the technology industry, he is not too advanced in this area.
Read more: Binance: history, features, coins and verification
According to Zhao, Binance plans to establish regional headquarters around the world. The new tactic should help the exchange get widespread approval from local authorities.
In the past few months, Binance has come under pressure from regulators in many countries because of its unregulated status.