Binance is urging its remaining Iranian traders to withdraw their assets from its platform. The popular cryptocurrency exchange has sent out an email to its customers, advising them to remove investments from the exchange in response to US sanctions.
“If you have an account with Binance and fall into that [sanctions] category, please withdraw your assets from Binance as soon as possible,” warns the email Binance sent to its users in Iran.
The Malta-based exchange was initially blocking only traders that provided Iranian-issued passports as part of the know-your-customer (KYC) verification process. However, later this week Binance warned users whose accounts are connected to Iranian IP addresses to withdraw their funds from the platform.
According to Sepehr Mohammadi, chairman of the Blockchain Asso...
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