This update adds new tokens to the Monitoring Tag and removes it from a few existing ones.
The tokens now featuring the Monitoring Tag include BAL, CTXC, CVP, CVX, DOCK, HARD, IRIS, MBL, POLS, SNT, and SUN. These tokens will join the list of those requiring additional user interaction to trade.
Expanded and Reduced Monitoring Tags
Conversely, the Monitoring Tag will be removed from MLN and ZEN, meaning users will no longer need to pass the associated quiz to trade these tokens.
To gain trading access to tokens marked with the Monitoring Tag, Binance users must pass a quiz every 90 days. This applies to trading on both the Binance Spot and Binance Margin platforms. The quiz is designed to ensure that users are fully aware of the risks involved in trading these tokens. In addition to passing the quiz, users must also accept Binance’s Terms of Use.
Source: X
The Monitoring Tags are prominently displayed on the corresponding Binance Spot and Binance Margin trading pages, as well as on the Markets Overview page. Additionally, a risk warning banner will be visible for all tokens marked with the Monitoring Tag, further emphasizing the need for caution when trading these assets.
More About Binance’s Policy
Binance has clarified that other services related to the aforementioned tokens will remain unaffected by this update. The changes are solely focused on the trading aspect and the implementation of the Monitoring Tag.
The update to the Monitoring Tags will be implemented shortly after the publishing of this announcement. Users are encouraged to stay informed about these changes and ensure they meet the new requirements to continue trading the affected tokens.
Source: X
Disclaimer
Please note that there may be discrepancies in the translated versions of this announcement. For the most accurate and up-to-date information, refer to the original English version of this announcement.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
