tldr; Binance, the largest cryptocurrency exchange in the world, continued to serve Iranian customers despite a company ban and economic penalties on Iran, according to a Reuters report. This runs counter to Binance’s statements that it stopped serving Iranian clients in November of the same year. Since Binance is based in the Cayman Islands, it is not subject to the sanctions that prevent American companies from conducting business in Iran.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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