Not only did Binance reduce its withdrawal limit, it also required verification even to users with the lowest withdrawal threshold.
How far can an unverified account go if the user is from a friendly jurisdiction, in terms of withdrawal caps and access to derivatives?
Actually I'm still confused whether Binance will still allow access to its products and services to users who avoid even basic verification. It seems the direction is toward imposing KYC to all its users as a basic requirement. However, it is also stated that "unverified users can only withdraw a maximum of 0.06 BTC daily."
[1] At the same time, "daily withdrawal limits will be adjusted to 0.06 BTC for accounts which have completed only basic account verification."
[2] So I guess it is the same as before, 2
BTC for unverified but still 2
BTC for basic verification, only that the new version is 0.06
BTC for unverified and 0.06
BTC for basic verification.
As to jurisdiction, I think everything is limited to
friendly countries. Outside of it are the restricted and banned territories. However, the same policy of varying deposit and withdrawal caps depending on the user's country of residence still applies.
I'm not into derivatives but I think there is no additional requirement for spot users to get access to the derivatives market.
[1]
https://www.binance.com/en/blog/421499824684902130/%E2%80%8BWhat-is-KYC-and-How-Is-it-Increasingly-Important-for-Crypto[2]
https://www.binance.com/en/support/announcement/9df8225c061b455da5c7cc293cd08a70