Binance responded to "helping Iranian companies trade 8 billion US dollars": For users of Iranian exchanges, blockchain data alone cannot determine their intentions, and they are actively taking measures

After the publication of a Reuters article about Binance helping an Iranian company process $8 billion in transactions, Binance responded, “After discovering earlier this week that users of an Iran-based crypto exchange were transferring cryptocurrencies through Binance, Binance Immediately started freezing transferred funds and restricting related accounts. Binance told Iranian traders long ago that they could no longer use Binance services and had to liquidate their accounts. But this only affected users located in Iran, not the global Iranian diaspora Impact. We have also invested heavily in KYC and transaction monitoring technology, as well as establishing partnerships, but this still poses compliance challenges, and blockchain data alone cannot clearly determine transaction intent. Current currency Binance is also working closely with suppliers to develop solutions.” Previously, Reuters said that Binance has helped Iranian companies process 8 billion yuan since 2018 despite U.S. sanctions aimed at cutting Iran off from the global financial system. USD transactions.