Reuters: Binance continued to serve Iran citizens, Despite the sanctions – Bits Media

According to the information agency Reuters, The largest cryptocurrency exchange of the world Binance served citizens from Iran, Despite US sanctions.

According to Reuters sources, At least 18 Iranian users traded crypto actures at the Binance site after Togo, How a few years ago the United States imposed sanctions against Iran. These users say, that the exchange staff knew about these violations and even boasted in messages through telegrams, that Binance is still popular in Iran.

At the end 2018 year, the Binance team asked users from Iran to withdraw all the means from the trading platform, as I intended to comply with the requirements of international sanctions. However, in an interview with Reuters, the seven citizens of Iran said, that access to Binance was limited to them only in September 2021 of the year, After tightening checks of wrestlers with money laundering. According to the manager of the cryptocurrency hedge fund Puria Fotuha (Poor Fotiohi), who also used the services of Binance with 2017 by 2021 year, From Iranian users, only an email address was required.

“Of the several alternative Binance exchanges, it was the most preferred platform for cryptocurrency trading due to soft requirements. I did not need to confirm the personality, Therefore, I used this platform ", - explained the trader from Tehran Asal Alizade (Asal Alizade).

In response to the investigation of Reuters, Binance General Director Chanpen Zhao (Changpeng Zhao) Wrote on Twitter, what with 2018 years the exchange uses Reuters Worldcheck as one of the clients checking tools for compliance with KYC Rules ("Know your client"). Thereby tried to make it clear, that the Reuters tool is not suitable for blocking Iranian users.

In June, Reuters conducted another investigation against Binance, According to which p 2017 by 2021 a year through the exchange was washed at least $2.35 billion funds, obtained illegally.

Note, When the United States and the European Union introduced the next package of sanctions against Russia due to military special operation in Ukraine, Binance updated the rules for servicing Russians. On the site you can now keep assets worth no more than € 10,000 for one client. Previously, Zhao called it unethical to introduce a complete ban for all users from the Russian Federation, In addition to specific persons, under sanctions.