Exclusive-Binance served crypto traders in Iran for years despite U.S. sanctions, clients say

Published by
Reuters UK

By Tom Wilson and Angus Berwick LONDON (Reuters) – The world’s largest crypto exchange, Binance, continued to process trades by clients in Iran despite U.S. sanctions and a company ban on doing business there, a Reuters investigation has found. In 2018, the United States reimposed sanctions that had been suspended three years earlier as part of Iran’s nuclear deal with major world powers. That November, Binance informed traders in Iran it would no longer serve them, telling them to liquidate their accounts. But in interviews with Reuters, seven traders said they skirted the ban. The traders sa…

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