Binance Restricts Transactions with Sanctioned Crypto Platforms

Binance has announced plans to restrict transactions with 16 crypto and payment platforms linked to Iranian or Russian sanctions. The move comes in response to new regulatory requirements and US Treasury sanctions targeting platforms involved in evading sanctions.

The restrictions will be implemented in three phases, with five providers already affected. Starting August 23, the remaining 11 platforms, including HTX and EXMO, will face restrictions on transactions with Binance users.

Binance users can still transact with unaffected platforms until the restrictions begin, but transactions after that date may trigger compliance checks or account suspensions.