And
. No markdown. I'll write: Binance is pushing back against a Wall Street Journal report that claims the cryptocurrency exchange handled $850 million in transactions linked to Iran. The company says the report is inaccurate.
The Journal's Allegation
The Wall Street Journal's investigation, published this week, alleged that Binance allowed users in Iran to move large sums of money through its platform despite U.S. sanctions. The report cited blockchain data and anonymous sources. It claimed that the transactions occurred over several years.
Iran is subject to sweeping U.S. sanctions that prohibit American companies and individuals from doing business with the country. Cryptocurrency exchanges are increasingly under pressure to enforce these rules.
Binance's Defense
Binance has disputed the Journal's findings. The exchange said the report misrepresents its compliance efforts and the nature of the transactions. Binance has previously stated that it follows international sanctions and screens users.
However, the company has not provided specific evidence to counter the Journal's data. The dispute leaves the matter unresolved.
The Journal stands by its reporting. Neither side has offered further comment.
Binance is pushing back against a Wall Street Journal report that claims the cryptocurrency exchange handled $850 million in transactions linked to Iran. The company says the report is inaccurate.
The Journal's Allegation
The Wall Street Journal's investigation, published this week, alleged that Binance allowed users in Iran to move large sums of money through its platform despite U.S. sanctions. The report cited blockchain data and anonymous sources. It claimed that the transactions occurred over several years.
Iran is subject to sweeping U.S. sanctions that prohibit American companies and individuals from doing business with the country. Cryptocurrency exchanges are increasingly under pressure to enforce these rules.
Binance's Defense
Binance has disputed the Journal's findings. The exchange said the report misrepresents its compliance efforts and the nature of the transactions. Binance has previously stated that it follows international sanctions and screens users.
However, the company has not provided specific evidence to counter the Journal's data. The dispute leaves the matter unresolved.
The Journal stands by its reporting. Neither side has offered further comment.




