Case details and the company’s official position

• U.S. federal prosecutors are investigating whether the crypto exchange Binance could have violated American sanctions against Iran by failing to block trading operations by users from that country.

• Reuters reports on this.

• The investigation is being conducted by the U.S. Attorney’s Office in Manhattan with the participation of the Criminal Division of the Department of Justice in Washington.

• American law enforcement officers, in particular, are checking whether Binance knowingly allowed users from Iran to conduct transactions on the platform.

• Binance stated that it follows a zero-tolerance policy for sanctions violations and fully cooperates with law enforcement agencies.