Urgent | Bloomberg reported that the U.S. Department of Justice has opened an investigation to determine whether the cryptocurrency platform “Binance” violated sanctions imposed on Iran by allowing certain trading activities linked to Iranian entities or users and failing to block them. According to the report, investigators are looking into the extent of the platform’s compliance with U.S. controls designed to prevent transactions with sanctioned countries, and whether its internal monitoring systems detected those transactions or handled them as required. No formal charges have been brought against “Binance” so far, and the scope of the investigation or the specific operations under review has not been clarified. This comes as U.S. authorities tighten oversight of digital-asset platforms amid concerns that they may be used to circumvent sanctions and transfer funds to prohibited parties.
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