Exclusive: Binance served crypto traders in Iran despite U.S. sanctions, clients say
— Business, Exchange, Binance, Crypto, Served, Traders, Sanctioned, Exclusive, Sanctions, Clients — 1 min read
Seven Iranians say used Binance for crypto after U.S. reimposed Iran sanctions. Binance said it used "banking grade tools" to prevent sanctioned people or entities from using its platform. News of Iranian trading on Binance could draw interest from regulators, seven lawyers and sanctions experts told Reuters. The company says it does not have a single headquarters and does not give details about the entity behind its main Binance.com exchange which does not accept customers in the United States. Binance dominates the $950 billion crypto industry, offering a panoply of digital coins, derivatives and non-fungible tokens worth hundreds of billions of dollars a month. The exchange's popularity in Iran was known inside the company, according to 10 messages sent to one Source