Binance Denies Billions in Iran-Linked Transactions, Defends Compliance Record

The world's largest cryptocurrency exchange, Binance, has issued a firm rebuttal against allegations of processing billions of dollars in transactions linked to Iran. The company stated that these claims are based on incomplete and misinterpreted data. A Binance spokesperson emphasized the platform's strict adherence to international sanctions and its robust compliance protocols, which include advanced blockchain analytics and mandatory KYC (Know Your Customer) procedures. The exchange asserts that any illicit activity constitutes a negligible fraction of its total volume and is actively combated. This response comes amid increasing regulatory scrutiny of the crypto industry's role in global finance and cross-border money flows. Binance maintains that it continuously works with regulators and law enforcement to uphold the integrity of its platform.