Binance Requests Income Certification from Users in Venezuela
Binance has sent a request to users in Venezuela to certify the source of their funds. The platform seeks to verify total deposits in fiat currency amounting to $17,286 made during 2026, which the user had declared as salary, arbitrage trading, savings, and personal loans. Binance contrasted this declaration with a 2025 tax return showing an annual income of 41,718 VES (approximately $56.13) and a bank statement with a final balance of 327,465.57 VES (about $440.56). The platform was unable to verify that the documented income and bank balance supported the deposited amount, requesting the user to clarify the discrepancy with additional documentation. This requirement is not exclusive to Venezuela, as Binance maintains a formal Source of Funds (SOF) and Source of Wealth (SOW) declaration process to prevent money laundering and terrorist financing. The request comes after a requirement for P2P traders in Venezuela to update their employment data, in compliance with KYC and AML regulations. Additionally, there are rumors that Binance will launch a card for the Venezuelan market, backed by Mastercard, suggesting a strategy to obtain a formal license to operate in the country.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Tether AI Wallet Spending Limits, WDK Leaves Responsibility to Developers

ChatGPT, Claude, and Grok All Go Down: Why Is Everyone Suspecting Cloudflare?

Improvement in XRPL RPC Node Processing Capacity to 30,000 Messages per Second

Cyberattacks: ANSSI Can Now Impose Measures on Ministries with REACTIV
![[Interview] Stablecoins are Changing the Foreign Exchange Market — Barun Kumar, Co-founder of Hibachi.xyz](/public-static/26_2e1840f602.png?format=avif)
[Interview] Stablecoins are Changing the Foreign Exchange Market — Barun Kumar, Co-founder of Hibachi.xyz

US Court Seizes Some Virtual Assets Linked to North Korean IT Workers

European Commission Approves Purchase of Patriot Missiles for Ukraine Funded by €90 Billion Loan

Justin Sun Redeems 10,000 ETH from Lido Since August 26

Fake Friend Convinces Law Student to Transfer 1468 USDT

Ukrgasbank and Four Other Financial Institutions Fined by NBU: Largest Exceeds 30 Million UAH

Mortgage Loans for Self-Employed Workers: Requirements and Best Alternatives

Polish Prosecutors Charge Fifth Suspect in Zondacrypto Case

Solana’s “million-payments-a-second” AI system can leave sellers unpaid even after they deliver

Ukraine Appeals to OECD on Corporate Governance

Nepal Requests $2.5 Billion from UN Climate Fund After Devastating Floods

Arthur Hayes Releases FLOP Whitepaper, AI Inference Computing Power Commercialized on Blockchain

Hyperliquid Seeks U.S. Access with Permissive HIP-3

Crypto: Essential Tips for Developers to Protect Their Computers and Wallets

Ripple Swell adds former RBI governor Raghuram Rajan

Bloomberg: Crypto Exchanges Capture $800 Billion in Financial Market

Moonwell Card to Close on September 6, Users Must Withdraw Their Balances

Virtuals Announces Economic Infrastructure for AI Agents

Debate Over New ETF Regulations: Speed vs. Safety in the U.S. Cryptocurrency Industry

Washington State Proposes to Revoke Coinflip's License and Impose $1.0296 Million Fine

U.S. Government Asks Supreme Court to Activate New Mail-in Voting Rules

Zaprite Launches P2P Payment App in Bitcoin

Solana v1 upgrade bug can freeze network readers and disable fee limits

Flare Lowers Inflation to 3% and Implements Revenue Pool Stage

Cracking 1.33 Trillion Daily Tokens: B.AI Powers the “AI Grid” with Full-Stack Infrastructure to Fuel the Agentic Era











