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News

Binance Now Simplifies Verification For Moroccan Users Affected By Earthquake

September 15, 2023 - Around 2 mins mins to read

Key Points:

  • Binance simplifies the verification process for Moroccan users hit by an earthquake, allowing clear ID card photos for POA.
  • The exchange donates $3 million in BNB tokens to residents of earthquake-affected Marrakesh-Safi province.
  • Criticism arises over Binance’s choice of cryptocurrency donation, with experts calling for more practical aid.
In response to the recent devastating earthquake in Morocco, cryptocurrency exchange Binance has announced measures to assist affected users. The earthquake, which struck on September 8, has disrupted many aspects of daily life, including the ability to obtain traditional Proof of Address (POA) documents.
Binance Now Simplifies Verification For Moroccan Users Affected By Earthquake
Binance Now Simplifies Verification For Moroccan Users Affected By Earthquake 2

Typically, users require bank statements or utility bills for POA verification, but due to the challenges posed by the earthquake, these documents have become difficult to obtain. To support its Moroccan users during this crisis, the exchange has streamlined the verification process. Now, Moroccan users only need to upload a clear photo of the back of their ID card, provided their name and address are clearly visible.

This simplified verification process is designed to expedite aid delivery to those in need and ensure uninterrupted access to Binance services for Moroccan users affected by the natural disaster.

Binance is also extending a helping hand by donating a total of $3 million worth of BNB tokens to users residing in the earthquake-affected Marrakesh-Safi province. Users who completed their address verification before September 9 will receive $100 worth of BNB tokens, while those who complete the process afterward will receive $25 in BNB.

However, the Financial Times reported that Binance faced criticism for its choice of donation, as humanitarian relief experts argue that readily usable cash or essential items like food and blankets are more urgently needed by survivors. Some also question why the aid is directed only toward existing Binance customers in the region, rather than all victims of the earthquake.

Despite these concerns, the exchange remains committed to providing support during this challenging time, and they have also launched a public donation address through Binance Charity to further aid those affected by the earthquake.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Binance

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morocco

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Binance Now Simplifies Verification For Moroccan Users Affected By Earthquake

Key Points:

  • Binance simplifies the verification process for Moroccan users hit by an earthquake, allowing clear ID card photos for POA.
  • The exchange donates $3 million in BNB tokens to residents of earthquake-affected Marrakesh-Safi province.
  • Criticism arises over Binance’s choice of cryptocurrency donation, with experts calling for more practical aid.
In response to the recent devastating earthquake in Morocco, cryptocurrency exchange Binance has announced measures to assist affected users. The earthquake, which struck on September 8, has disrupted many aspects of daily life, including the ability to obtain traditional Proof of Address (POA) documents.
Binance Now Simplifies Verification For Moroccan Users Affected By Earthquake
Binance Now Simplifies Verification For Moroccan Users Affected By Earthquake 4

Typically, users require bank statements or utility bills for POA verification, but due to the challenges posed by the earthquake, these documents have become difficult to obtain. To support its Moroccan users during this crisis, the exchange has streamlined the verification process. Now, Moroccan users only need to upload a clear photo of the back of their ID card, provided their name and address are clearly visible.

This simplified verification process is designed to expedite aid delivery to those in need and ensure uninterrupted access to Binance services for Moroccan users affected by the natural disaster.

Binance is also extending a helping hand by donating a total of $3 million worth of BNB tokens to users residing in the earthquake-affected Marrakesh-Safi province. Users who completed their address verification before September 9 will receive $100 worth of BNB tokens, while those who complete the process afterward will receive $25 in BNB.

However, the Financial Times reported that Binance faced criticism for its choice of donation, as humanitarian relief experts argue that readily usable cash or essential items like food and blankets are more urgently needed by survivors. Some also question why the aid is directed only toward existing Binance customers in the region, rather than all victims of the earthquake.

Despite these concerns, the exchange remains committed to providing support during this challenging time, and they have also launched a public donation address through Binance Charity to further aid those affected by the earthquake.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.