PANews reported on April 23 that according to Cointelegraph, Binance will implement new compliance measures for South African users, requiring all deposits and withdrawals of cryptocurrencies to provide sender and receiver information in response to local regulatory requirements. From April 30, Binance users in South Africa will be required to provide additional information when transferring cryptocurrencies. For deposit operations, users must disclose the sender's full name, country of residence, and (if applicable) the name of the original crypto exchange. Similarly, detailed information of the recipient is required before the withdrawal operation is processed. This update only affects the deposit and withdrawal of cryptocurrencies, and transactions and other functions of the platform are not affected. Binance warned that failure to provide the required information may result in transaction delays, and in some cases, funds will even be returned to the sender. To prepare for this update, users will need to log in to their accounts again from April 24.