Reuters has reported that Binance the worlds largest cryptocurrency market is helping Iran avoid US sanctions because of very weak identity checks and zero internal integrity within company!
Asal Alizade who is trader in Iran said that he and several other traders have been able to use Binance for commercial trading since the sanctions were imposed in 2018 until September 2021. He said that email address was all he and all his friends used for Binance. It was also noted that Iranian businesses that are money laundering to avoid sanctions have been able to easily create a Binance account by using a VPN and hiding their IP address.
To make matters worse instead of complying with the sanctions Binance employees were found to be acting dishonestly - they were openly laughing about Iranian companies using the Binance platform! When the popularity of Binance in Iran and the regime was discovered Binance employees sent messages saying "Iran boys" - so it was known that money laundering was happening on the platform!!
Binance says it strictly follows international sanctions but evidence says otherwise! Every day they help Iran to circumvent the sanctions, they help the regime to become stronger. They openly allowed money laundering - what a disgrace! Friends withdraw all cryptocurrencies from Binance NOW!
