Crypto
Binance Faces US Probe Over Alleged Iranian Trade Facilitation
The US is reportedly investigating whether Binance knowingly allowed trades linked to Iran through its platform.
According to a recent report, this investigation suggests that Binance may have failed to comply with sanctions imposed by the US government on Iranian entities.
The probe is said to be ongoing and has yet to result in any concrete actions against the company. However, it raises concerns about Binance's adherence to anti-money laundering (AML) and know-your-customer (KYC) regulations.