Binance Faces US Investigation Over Possible Sanctions Violations Linked to Iran

Binance, one of the largest cryptocurrency exchanges in the world, is under investigation by US authorities over possible sanctions violations linked to Iran.

The probe focuses on whether Binance allowed certain trading activity connected to Iran on its platform and whether the exchange knowingly permitted this activity to occur.

Binance has maintained a zero-tolerance policy towards sanctions breaches and claims it works closely with law enforcement agencies to identify and remove malicious actors from its platform.