Binance Kazakhstan is committed to enhancing the transparency and security of our platform and the services we provide. We ensure full compliance with the FATF recommendations and AIFC AML/CFT Rules on implementing the Travel Rule, which mandates Digital Asset Service Providers (DASPs) to exchange information about the senders and recipients of digital asset transfers.
The Travel Rule feature on Binance Kazakhstan fully launched in late 2024.
1. Complete a Brief Questionnaire
For Deposits, you are required to provide originator’s details and for Withdrawals, you are required to provide the beneficiary’s details:
2. Provide Accurate Information
Ensure all required information is correct and fully submitted to avoid delays or rejection of your transaction. Once you received a request to provide the required information, please make sure that you will respond within 7 days.
3. Transaction Successfully Processed
Once your details are reviewed and everything is correct, your transaction will be completed smoothly.
Below, you can find the FAQ with more details on the Travel Rule. If you have any questions or concerns, please contact our 24/7 Customer Support team.
No, the Travel Rule does not affect your trading activity on Binance. It only impacts transactions when you deposit or withdraw funds to or from another exchange or private wallet, requiring certain information to ensure compliance with regulatory requirements.
Your transaction may take a little more time, as you’ll need to complete the brief questionnaire. If all the required information is provided fully and correctly, your transaction should be processed smoothly.
If the information doesn’t match or is incomplete, your transaction may take longer to review. In such cases, we might contact you to provide additional details or clarify the information. If the required information isn’t provided correctly, the transaction could be delayed or rejected.
When transferring from your own private wallet, the Travel Rule still applies. In this case, you need to provide your own information.
Due to regulatory requirements and our commitment to transparency, we need to collect this information for every transaction. Each deposit or withdrawal may involve different people, platforms, or purposes, so the originator and beneficiary details can change. That’s why we ask these questions every time - to ensure accuracy and compliance.
Users who don’t have the required information about the originator or beneficiary, need to contact the counterparty directly and ask for the correct details. To comply with regulations, all information must be accurate and complete before the transaction can be processed.
Yes, transfers to and from certain countries or regions are strictly prohibited due to international sanctions and high money laundering risks. This includes, but is not limited to, countries like Iran, North Korea, certain regions of Ukraine and other jurisdictions identified as high-risk. Please refer to the List of prohibited countries within the Terms of Use. Transactions involving these regions will be automatically blocked in accordance with our compliance policies and regulatory obligations.
We prioritize your privacy and security by committing to protecting your data while ensuring compliance with the travel rule. We safeguard your information through secure data transfers, sharing only the minimum required information, and adhering to global data protection standards to ensure your privacy is always maintained.
