7/25/2023 0 Comments Binance customer service wait time![]() company, unlike other platforms that have exposure to these same U.S. In a statement, spokesperson Patrick Hillmann said, " is not a U.S. The exchange's billionaire founder, Changpeng Zhao, tweeted: "Binance banned Iranian users after sanctions, 7 got missed/found a workaround, they were banned later anyways."īinance didn't answer detailed questions about the new transactions uncovered by Reuters. The day of that article's publication, Binance said in a blog post that it follows international sanctions rules on Iran and blocks access to the platform to anyone based there. It was one of a series of Reuters investigations into Binance's troubled history with financial regulatory compliance. In July, Reuters revealed that Binance continued to serve clients in Iran and that the exchange's popularity in the Islamic republic was known inside the company. prohibitions on doing business with Iran, lawyers and trade-sanctions experts said. The transactions put the company at risk of falling afoul of U.S. Justice Department is pursuing an investigation into possible violations of money-laundering rules by Binance, which dominates the $1 trillion crypto industry, with over 120 million users. The scale of Binance's Iranian crypto flows – and the fact that they are continuing – has not been previously reported. In a blog post last year, Nobitex encouraged clients to use Tron - a mid-tier token - to trade anonymously without "endangering assets due to sanctions." Three-quarters of the Iranian funds that passed through Binance were in a relatively low-profile cryptocurrency called Tron that gives users an option to conceal their identities. Nobitex offers guidance on its website on how to skirt sanctions. sanctions intended to cut Iran off from the global financial system, blockchain data show.Īlmost all the funds, some $7.8 billion, flowed between Binance and Iran's largest crypto exchange, Nobitex, according to a review of data from leading U.S. LONDON, Nov 4 (Reuters) - Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. company, but has taken proactive steps to limit exposure to the Iranian marketplace $7.8 bln of trades were via Iran's biggest crypto exchange Nobitex.
0 Comments
Leave a Reply. |