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Bloomberg: Binance Probed Over Iran Sanctions
Bloomberg reported that U.S. authorities are investigating Binance regarding a possible violation of sanctions imposed on Iran. It is suspected that the platform permitted trading with knowledge of it, not just as part of earlier investigations that resulted in a $4.3 billion settlement. These investigations are part of broader American efforts to isolate Iran’s economy, especially after sanctions were imposed on companies and individuals supporting groups like Hezbollah and Iran itself. This comes at a time when the U.S. strategic oil reserves have fallen to their lowest level since 1982, confirming the increasing economic and political pressures on Iran.
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