Binance has announced the introduction of its new Web3 Wallet Terms of Use. The terms govern users’ access to and use of the Binance Web3 Wallet Services, which offer a self-custodial wallet that uses multi-party computation technology for managing digital currencies and NFTs. The Binance Web3 Wallet Services enable users to receive and store units of account related to digital currencies and NFTs, transfer digital currencies, send or receive digital currencies and NFTs from other users, connect to supported blockchain applications, and access certain yield-generating products on third-party protocols. The new terms also discuss risks, fees, transfers, and self-custody by Binance of digital currencies.
Source: https://coinpedia.org/crypto-live-news/binance-introduces-web3-wallet-terms-of-use-for-users/