Binance probed by U.S. federal prosecutors for sanctions violations: Bloomberg
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U.S. federal prosecutors in Manhattan probe Binance for allegedly allowing users to evade sanctions on Iran, according to Bloomberg. Investigators examine whether the exchange knowingly facilitated prohibited transactions, potentially breaching Treasury’s Office of Foreign Assets Control rules. If confirmed, the case could trigger hefty fines, stricter compliance demands, and heightened regulatory scrutiny across the crypto industry.
Federal prosecutors in Manhattan and the Justice Department are said to be investigating whether the crypto exchange knowingly permitted users to bypass U.S. sanctions on Iran.