This link is redirecting me to a 500 error page. May be binance has removed the article from their site.
May be what you said is true but that isn't happening to all of us. May be it's only for certain people whose transactions are flagged.
Binance is not asking every Indian individual to submit the source of funds, at least not yet.
May be if the FIU regulations become stringent then they might start asking every one else to submit the proofs too.
It's working fine for me, please check again and see if it's working or not.
I haven't used any exchanges for a while so I can't able to authenticate the credibility but it's more likely they will start scrutinizing the users like high profile traders and ask them for the proof of funds for the initial procedure then they might come at the average users but one who uses less will not likely to have any problem in my opinion.
Yes, the link is working fine and I can read the article now. Not sure why it wasn't working earlier.
Even I am not using the exchange much but I do few hundred dollars lying around in it.
Binance asking for source of funds does seem like a genuine issue but on the other hand, those who have genuine source of funds need not worry at all right.
This looks like a trouble more towards those people whose source of funds is illicit.
But yeah, I do get that our privacy will be at risk if we declare our funds to them.