• Home
  • All news
  • Russia
  • Ukraine
  • World
  • Tags
    • Navalny
    • Arrests and Attacks
    • Court
    • Kazakhstan
    • Coronavirus
    • Election 2021
    • Almaty
    • Putin
    • USA
    • Murders
    • Death
    • Rape
    • Germany
  • Special Projects
    • Stories
    • One year after
Thursday, May 9, 2024
  • Login
Russian Free Press
  • Home
  • All news
  • Russia
  • Ukraine
  • World
  • Tags
    • Navalny
    • Arrests and Attacks
    • Court
    • Kazakhstan
    • Coronavirus
    • Election 2021
    • Almaty
    • Putin
    • USA
    • Murders
    • Death
    • Rape
    • Germany
  • Special Projects
    • Stories
    • One year after
No Result
View All Result
  • Home
  • All news
  • Russia
  • Ukraine
  • World
  • Tags
    • Navalny
    • Arrests and Attacks
    • Court
    • Kazakhstan
    • Coronavirus
    • Election 2021
    • Almaty
    • Putin
    • USA
    • Murders
    • Death
    • Rape
    • Germany
  • Special Projects
    • Stories
    • One year after
No Result
View All Result
Russian Free Press
No Result
View All Result

Reuters Accuses Binance of Helping Iran Escape Sanctions

July 11, 2022
in Daily News
Share on FacebookShare on Twitter

Reuters published an investigation on the principles of the work of the largest crypto exchange on the planet Binance with citizens of Iran after the imposition of severe sanctions against the Islamic Republic by the UN, the United States and other states in 2018. The publication found at least seven traders from Iran who continued to trade through Binance until September 2021, when the site tightened its anti-money laundering rules.

“We had other alternatives, but none of them were as convenient as Binance. Then they did not require verification, so we widely used it,” Asal Alizadeh, a trader from Tehran, told the agency.

The agency also found profiles of professional traders on LinkedIn who admitted on their pages that they traded cryptocurrencies in Iran through Binance after the ban was introduced in 2018, they refused to answer questions from the publication. The growth of the Iranian audience in 2018-2021 was also known within the company. Reuters claims that inside the company they joked that the exchange's app ratings are growing thanks to Iranian users.

“Cryptocurrency is a great way to get around the sanctions and make good money,” trader Ali, who used the services of the crypto exchange for about a year after the imposition of sanctions, told the publication.

He also showed the publication correspondence with the support of Binance, which ultimately closed his account based on sanctions from the UN. Reuters cites an excerpt from a letter in which the employees responsible for the Binance Instagram profile called the “Iranian boys” actively liking the posts of the crypto site. Officially, representatives of Binance refused to comment on the information about the circumvention of sanctions. Lawyers, on the other hand, see in the actions of the trading platform an invoice for litigation against the company.

At the same time, they admit that the hidden management structure with the registration of the parent company in the Cayman Islands could formally allow the company to continue working with Iranian citizens through a special "daughter". However, in this case, the parent structure of Binance may fall under secondary sanctions from the US, which will deprive the world's largest crypto exchange of access to the US market.

The situation with the implementation of the sanctions regime for the largest crypto platform is especially relevant in the context of bans against Russia. At the moment, Russian users are not prohibited from using the trading platform, however, due to EU restrictions, Russian citizens are not allowed to store more than €10,000 on Binance. Possible proceedings with the US authorities may affect the prospects for the implementation of current decisions in relation to the Russians.

Read also

Bach and Margaritis support politicisation of sport in prank video call

April 16, 2024

In a world of disruption, the Olympics confronts the World Friendship Games

March 16, 2024

Clothing brand East&West hosts Spring celebration in Dubai on March 8

March 15, 2024

The champion of the Games of the Future will become the first master of sports in programming

March 1, 2024

Hochland Contemplates Patriotism Through Cheese for Russian Troops?

February 2, 2024

. BRICS+ Fashion Summit : Russian brands managed to conclude deals with buyers worth 250 million rubles

December 19, 2023

RECOMMENDED NEWS

Orban convened the Security Council due to Ukraine’s stoppage of oil pumping through Druzhba

1 year ago

The court in the Yashin case proceeds to…

1 year ago

Former State Duma deputy Inga Yumasheva joins the…

1 year ago

Bus with migrants overturned in Turkish Sivas. 3…

2 years ago

Newsletter

Be the first to get the news in the Telegram newsletter!

Newsletter

Be the first to get the news in the Telegram newsletter!


Прекратить репрессии против людей которые высказывают свое мнение

Archives

  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • March 2021
  • February 2021
  • December 2020
  • November 2020

Categories

  • ! Без рубрики
  • AI Chatbots
  • asian mail brides
  • asian mail order bride
  • best dating sites
  • blog
  • Daily News
  • dating ukrainian women
  • Fast News
  • kosmos
  • latin mail order brides
  • Live
  • mail brides
  • mail order bride
  • On the map
  • One year after
  • Russia
  • russian mail order bride
  • Stories
  • thai women dating
  • top dating sites
  • Ukraine
  • Uncategorized
  • women for marriage
  • World
  • Весільний салон Київ
  • Весільні сукні київ
  • Весільні та Вечірні Сукні
  • Вечерние и выпускные платья в Киеве 2023 года
  • Вечірні сукні
  • Свадебные платья в Киеве
  • Яку весільну сукню купити для цивільного весілля?
  • About
  • Contact
  • Privacy
  • Cookie
  • Terms
  • Donate
  • Advertise
  • Sitemap
[email protected]

© 2022 Russian Free Press - Honest news about Russia and the whole world.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • All news
  • Russia
  • Ukraine
  • World
  • Tags
    • Navalny
    • Arrests and Attacks
    • Court
    • Kazakhstan
    • Coronavirus
    • Election 2021
    • Almaty
    • Putin
    • USA
    • Murders
    • Death
    • Rape
    • Germany
  • Special Projects
    • Stories
    • One year after

© 2022 Russian Free Press - Honest news about Russia and the whole world.