Crypto

Feds Probing Binance Over Iran’s Bitcoin Use: Report

Bitcoin Magazine Feds Probing Binance Over Iran’s Bitcoin Use: Report Feds are trying to work out whether Binance violated US sanctions on Iran. This post Feds Probing Binance Over Iran’s Bitcoin Use: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Source: Bitcoin Magazine

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DW NOTE

The DOJ is seizing $61 million in crypto it says came from Iranian oil sales laundered through Binance by Chinese entities — while Iran has been blockading the Strait of Hormuz for seven months and oil somehow trades at $90. Either sanctions enforcement is theatre or price formation is broken.

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