š®š± Israel
Freezing & Blocking Requests
Israeli authorities (IDF/NBCTF) have requested Binance to freeze crypto wallets tied to suspected terrorism or illicit funding.
Binance has rejected about 86% of these requestsāonly ~14% were acted upon after internal investigation .
In October 2023, Israeli law enforcement froze 100+ accounts linked to Hamas at Binanceās request .
The exchange states that only wallets with verified illicit transactions were frozen, not broad sweeping actions .
Binance's Stance
Emphasizes adherence to international sanctions and AML/CTF protocols.
Investigates each request thoroughly before compliance. Richard Teng, Binance CEO: āOnly those wallets were blockedā .
š®š· Iran
Sanctions Compliance
Since U.S. reāimposed sanctions in 2018, Binance ceased services to residents in Iran and required account liquidation for anyone identified as based there .
In 2022, Binance admitted handling over $7.8āÆbillion in transactions involving Iranian firms between 2018ā2022, triggering a $4.5āÆbillion DOJ/Treasury settlement .
Current Access for Iranians
Residents within Iran cannot legally open or maintain Binance accounts.
Iranian diaspora with no ties to Iranās economy can use Binance after passing KYC checks .
Crypto is widely used in Iran, but users generally rely on local exchanges (e.g. Nobitex) due to sanctions blocking global platforms .
š§ Summary Table
Country Binance Access Freezes & Compliance
Israel Full platform access; enforces AML/KYC controls Partial cooperationāfrozen only wallets with verified illicit links; ~14% compliance with block requests
Iran Blocked for residents; open to diaspora with proper KYC Aggressively enforced due to U.S. sanctions; processed large volume of Iranian-related trades historically
Final Takeaways
Israel: Binance cooperates selectively, freezing knowingly illicit wallets but resisting overly broad requests.
Iran: Iranian residents are prohibited from using Binance. The exchange previously processed large volumes tied to Iran, which led to major penalties.
Let me know if youād like more info on compliance rules, local exchanges in Iran, or recent policy changes!
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