Binance urged Iranian residents to withdraw funds

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Binance urged Iranian residents to withdraw funds
2018-11-16 in ALTCOINS

Binance cryptocurrency exchange advised all users from Iran to withdraw their assets, since the platform intends to bring its legal policy in line with US sanctions against this state, CoinDesk reports.

“If you have an account on our exchange and you are subject to sanctions, we ask you to withdraw your assets from Binance as soon as possible,” the message says for Iranian users .

The head of the Iranian blockchain association, Sepehr Muhamadi, said that such messages had come before, but after the resumption of sanctions, their number increased significantly.

According to local publications, Binance previously closed accounts for users who provided Iranian passports for KYC procedures. However, this week the exchange allegedly turned to all users with Iranian IP addresses.

This year, several exchanges, including BitMEX and Bittrex, blocked accounts from Iran.

Recall that since May of this year, Iranian authorities have restricted access to cryptocurrency exchanges.

In July, Muhamadi announced that the US government confiscated more than 500 Bitcoins belonging to Iranian citizens.

Note that in August, the Iranian National Cyberspace Center completed work on the national cryptocurrency bill, and on November 12, the development of the cryptocurrency itself was completed.

CRYPTOCURRENCIES
  • bitcoinBitcoin$5,286.98
  • ethereumEthereum$175.47
  • rippleXRP$0.353890
  • tetherTether$1.00
  • eosEOS$5.74
  • stellarStellar$0.125975
  • litecoinLitecoin$87.91
  • cardanoCardano$0.089223
  • tronTRON$0.030095
  • moneroMonero$70.46
  • iotaIOTA$0.346653
  • nemNEM$0.071993
  • dashDash$129.43
  • neoNEO$12.48
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