Crypto
Binance Faces US Scrutiny Over Possible Iran Sanctions Violations
US prosecutors are investigating Binance for possible violations of Iran sanctions, according to a source. The probe is being led by federal prosecutors in Manhattan and Washington.
The investigation focuses on whether Binance knowingly allowed trading that violated US sanctions on Iran.
Bloomberg reported earlier this month that investigators were scrutinizing whether Binance was aware of the violations.
Binance stated it has a zero-tolerance approach to sanctions violations and cooperates fully with law enforcement.