I suggest people who frequently transfer large amounts of funds between different exchanges and on chain wallets to carefully read Binance's recent announcement. Many people's attention is focused on: Which platforms are not compatible with Binance? ” But I don't think that's the point. What is truly worth noting is: The compliance risk control of the exchange is further expanding from "who you are" to "where your currency comes from, passes through, and is ready to go". There is a crucial statement in Binance's announcement: Directly or indirectly That is to say, regarding the restricted entities listed in the announcement, in the future, it will not only be: A platform → Binance This direct transfer may trigger restrictions. The 'indirect' funding chain may also be subject to compliance review. Many people's first reaction upon seeing this may be: Can I transfer it to my own wallet first and then to Binance? I would like to remind everyone that: Don't study how to 'wash one jump, two jumps, three jumps' on your own. Because Binance did not tell you: What is indirect? Tracking a jump? Two jumps? Five jumps? Or should we use the on chain wind control system to comprehensively determine the source of funds? These rules will not be made public by the exchange. So the worst thing to do is to have your funding source completely legal, but in order to avoid the so-called "risk control", intentionally make it: exchange ↓ New wallet ↓ Another wallet ↓ Friend's wallet ↓ OTC ↓ Binance In the end, I turned a money that was originally very easy to explain into an exceptionally complex funding chain. This is the most unnecessary. And I believe that this announcement reflects a very important trend for the next few years: Many people in the cryptocurrency industry used to think: BTC is BTC. USDT is USDT. As long as the payment is received on the chain, there is no difference between 1 million USDT and another 1 million USDT. But for centralized exchanges, banks, and compliance agencies: The future may not be like this. Similarly, 1 million USDT: Coming from a large compliant exchange; Derived from one's own long-term held wallet; Coming from a platform that is subject to regulatory restrictions; Coming from Mixer; It circled around dozens of unfamiliar OTC addresses; Although it appears on the chain that: 1,000,000 USDT But in the risk control system, their risk levels may be completely different. So for those who truly manage large funds in the future, I suggest starting to establish a new awareness: Not only managing assets, but also managing funding pathways. If you have large Crypto assets, it is best to keep them for a long time: Exchange Statement Deposit / Withdrawal History TXID Account real name information Proof of funding source Historical transaction records Especially for large-scale migration between exchanges, don't make the path very complicated just to save some transaction fees or for convenience. I even feel that in the future: Clean Transaction History It will gradually become a very important hidden asset for Crypto's large fund users. The most popular phrase in the cryptocurrency industry before: Not your keys, not your coins. In the future, for large fund users who need to frequently use CEX, banks, and OTC, an additional sentence should be added: Know where your coins came from. Where does your currency come from, It may become increasingly important.