Binance is implementing new compliance measures for users in South Africa, effective April 30.

According to an April 23 statement, the changes will require all its South African users to provide detailed information about the sender and receiver of any crypto transfer on the platform.

The firm added that users initiating withdrawals must enter the recipient’s full name, country of residence, and, if applicable, the name of their crypto exchange.

Binance users must verify the sender’s details for incoming deposits. This process involves checking the deposit page for any pending transactions, after which a prompt will request the sender’s full name, country, and exchange of origin if relevant.

The exchange stated that a failure to provide accurate information may result in the transaction being blocked or returned to the original sender.

Binance said the update is part of its effort to align more closely with South African regulatory expectations and ensure uninterrupted service within the region.

Binance’s global compliance efforts

The move in South Africa is part of Binance’s broader effort to reinforce regulatory compliance across its global operations.

Last week, the exchange launched a re-verification process in India to strengthen user identification and meet national anti-money laundering (AML) standards.

The new KYC process in India applies to both current and new users. It requires them to submit official documents, including their Permanent Account Number (PAN).

According to the exchange:

“This is as per the Indian anti-money laundering (AML) laws and these requirements equally apply to all exchanges in India.”

This comes in response to regulatory actions against Binance in 2024, when India’s Financial Intelligence Unit (FIU) issued a $2.2 million penalty for AML violations and ordered the Binance app removed from the Apple App Store.

Since then, Binance has registered with the FIU and resumed efforts to bring its operations in India back in line with legal requirements.

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Solana-based token launchpad Pump.fun resumed its livestreaming functionality for all users on April 11, implementing a new set of moderation rules and enforcement mechanisms to curb misuse. 

The livestream feature has been suspended since Nov. 25, 2024, due to widespread abuse and the platform’s inability to manage user-generated content at scale.

In the announcement, Pump.fun confirmed that livestreaming is now available platform-wide with “industry standard moderation systems” and transparent content guidelines.

The relaunch follows a limited rollout on April 4, when the feature was reintroduced to 5% of users for testing under the new compliance framework.

New policies

The reinstated livestream policy includes a defined list of prohibited content, including graphic violence, threats, sexual exploitation, harassment, doxxing, unauthorized use of intellectual property, and any material promoting terrorism or illegal activity. 

Content involving youth endangerment or child sexual abuse material (CSAM) is strictly banned and will be subject to further action, such as referral to law enforcement where applicable.

In a public statement, the company emphasized the policy’s intent to preserve “creativity and freedom of expression” while minimizing harmful or illegal behavior. Pump.fun noted that the moderation framework will evolve based on input from users, moderators, and policy experts.

Violations may result in livestream termination or permanent account suspension. Users may appeal moderation decisions, although the platform reserves final authority over content rulings.

Livestream controversy

The livestream function, launched in May 2024, had previously become a driver of user engagement by allowing memecoin creators to interact directly with investors in real time.

However, its rapid adoption led to serious misuse. Notably, creators began hosting extreme challenges tied to token performance, including stunts involving firearms and threats of self-harm.

One widely reported incident involved a creator who threatened suicide if their token failed to reach a specified valuation. This prompted calls from industry figures for Pump.fun to take the feature offline.

At the time of the suspension, the Pump.fun team said it had doubled its human moderation workforce and was building automated systems to detect violations, noting parallels to challenges mainstream social platforms face. 

The platform said it would reinstate livestreaming only once its moderation infrastructure could support wider use. Pump.fun now requires creators to follow its published moderation policy and use appeal mechanisms where needed.

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