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Binance served crypto traders in Iran despite U.S. sanctions, clients say

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by COINS NEWS 165 Views

tldr; Crypto exchange platform Binance continued to process trades by clients in Iran despite US sanctions and a company ban on doing business there, a Reuters investigation has found. In 2018, the US reimposed sanctions that had been suspended three years earlier as part of Iran's nuclear deal with major world powers. Binance said it used "banking grade tools" to prevent sanctioned people or entities from using its platform.

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