Bitcoin Mining Difficulty Reaches New High; Binance Implements KYC in India

Bitcoin miners face increased difficulty as network complexity rises to 123.23 trillion. Despite this, miners remain steadfast in their efforts, adapting to the challenges of the proof-of-work model. Additionally, Binance enforces KYC re-verification in India to comply with AML regulations, reinforcing security and accountability for all users.

In a significant update for Bitcoin miners, the network’s difficulty climbed by 1.42% to an unprecedented high of 123.23 trillion as of block 893,088, recorded around 4 a.m. Eastern time on Saturday. This adjustment follows a notable previous increase of 6.81% and highlights the growing challenges miners face in securing new blocks.

Bitcoin’s difficulty has risen on four occasions since March 9, 2025, coinciding with a period of steady price movement. Over the past week, the network’s hashprice fluctuated between $42 and $45 per petahash per second (PH/s). This upward adjustment has intensified the computational complexity required, necessitating an average of 123.23 trillion SHA-256 hash attempts per valid block, which underlines Bitcoin’s robust proof-of-work protocol.

Despite the increase in mining difficulty, miners continue to demonstrate resilience, maintaining operations with a current hashrate of 904.88 exahash per second (EH/s), having recently peaked at 926 EH/s. This persistent commitment shows that miners are adapting to the more stringent conditions while preserving the integrity and security of Bitcoin’s network.

In another development, cryptocurrency exchange Binance has initiated comprehensive KYC (Know Your Customer) re-verification for all users in India, regardless of their registration date. This policy, effective from April 18, aims to enhance security, comply with anti-money laundering (AML) laws, and improve user accountability across the platform.

Binance’s decision is part of aligning with India’s evolving regulatory landscape, ensuring compliance with local laws as well as securing user information. The exchange assures that only essential data will be collected, maintaining high security standards for user data management. The re-verification process includes collecting Permanent Account Number (PAN) details required under Indian AML legislation for all exchanges operating in the country.

This move reflects Binance’s commitment to creating a responsible and secure digital asset environment in India, echoing similar compliance steps mandated for other local and international platforms subject to the same AML regulations. Such measures are not unique to Binance but indicative of a broader regulatory shift within India’s crypto market.