US prosecutors probe Binance Iran sanctions violations

By Michael FawnU.S. federal prosecutors are investigating Binance Holdings Ltd. for potential violations of Binance Iran sanctions, specifically regarding transactions with entities in Iran. to determine if the world’s largest cryptocurrency exchange violated American sanctions by allowing entities in Iran to transact on its platform.The probe, first reported by Bloomberg citing people familiar with the matter, scrutinizes whether Binance knowingly failed to prevent trades that would contr