#IsraelIranConflict The Israel-Iran conflict has significant implications for global markets, including cryptocurrency, and Binance, as a major global exchange, is directly impacted by and responds to these geopolitical tensions.

Here's a summary of Binance's position and the broader impact:

Binance's Stance and Actions:

Sanctions Compliance: Binance emphasizes its adherence to international sanctions and Anti-Money Laundering/Combating the Financing of Terrorism (AML/CTF) protocols.

Iran: Since the U.S. re-imposed sanctions on Iran in 2018, Binance has ceased services to residents in Iran and required account liquidation for anyone identified as based there. While Iranian diaspora with no ties to Iran's economy can use Binance after passing KYC (Know Your Customer) checks, residents within Iran cannot legally open or maintain accounts.