Mr Richard Johnson
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Binance, Israel, and Iran: Compliance, Conflict, and Crypto Control
🇮🇱 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 requests—only ~14% were acted upon after internal investigation .
In October 2023, Israeli law enforcement froze 100+ accounts linked to Hamas at Binance’s 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: “Only those wallets were blocked” .
🇮🇷 Iran
Sanctions Compliance
Since U.S. re‑imposed 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 $7.8 billion in transactions involving Iranian firms between 2018–2022, triggering a $4.5 billion DOJ/Treasury settlement .
Current Access for Iranians
Residents within Iran cannot legally open or maintain Binance accounts.
Iranian diaspora with no ties to Iran’s 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 .
🧭 Summary Table
Country Binance Access Freezes & Compliance
Israel Full platform access; enforces AML/KYC controls Partial cooperation—frozen 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 you’d like more info on compliance rules, local exchanges in Iran, or recent policy changes!
$BTC $RESOLV $HOME
#IsraelIranConflict #MarketPullback #BinanceHODLerHOME #TrumpTariffs #CryptoRoundTableRemarks
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 requests—only ~14% were acted upon after internal investigation .
In October 2023, Israeli law enforcement froze 100+ accounts linked to Hamas at Binance’s 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: “Only those wallets were blocked” .
🇮🇷 Iran
Sanctions Compliance
Since U.S. re‑imposed 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 $7.8 billion in transactions involving Iranian firms between 2018–2022, triggering a $4.5 billion DOJ/Treasury settlement .
Current Access for Iranians
Residents within Iran cannot legally open or maintain Binance accounts.
Iranian diaspora with no ties to Iran’s 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 .
🧭 Summary Table
Country Binance Access Freezes & Compliance
Israel Full platform access; enforces AML/KYC controls Partial cooperation—frozen 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 you’d like more info on compliance rules, local exchanges in Iran, or recent policy changes!
$BTC $RESOLV $HOME
#IsraelIranConflict #MarketPullback #BinanceHODLerHOME #TrumpTariffs #CryptoRoundTableRemarks
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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