England-born Mahika Gaur was only 12 when she made her debut for UAE women's cricket team. Now she is the key pace bowler in England team
cricket7 hours ago
Funds belonging to or intended for Iranians have flowed through the world's largest cryptocurrency platform, Binance, the company said Friday, risking that it may run afoul of US-imposed sanctions.
"Earlier in the week, we discovered that Binance interacted" with "bad actors" using Iranian cryptocurrency exchanges, said Chagri Poyraz, head of sanctions at Binance.
Some of these users "attempted to move crypto through Binance's exchange," he wrote on the blog on the company's website. "As soon as we discovered this, we moved to freeze transfers (and) block accounts."
When asked by AFP about the number of these accounts and the amounts involved, Binance declined comment.
According to Reuters, some $7.8 billion has passed through Binance in connection with accounts domiciled on the busiest Iranian platform, Nobitex.
No Iranian cryptocurrency platforms are currently under sanctions. But US-imposed restrictions prohibit a US entity or US national from selling goods and services to Iranian residents, businesses or institutions. The ban includes financial services.
Binance was founded in 2017 by a Chinese-Canadian entrepreneur.
Binance's United States subsidiary is Binance.US, an entity that has come into regulatory crosshairs.
According to Reuters, citing data from the specialized company Chainalysis, Binance.US has conducted transactions with Iranian cryptocurrency platforms.
When contacted by AFP, Chainalysis declined comment.
By validating transactions with Iranian sites, Binance also runs the risk that they have allowed individuals or entities targeted by US sanctions to move funds.
England-born Mahika Gaur was only 12 when she made her debut for UAE women's cricket team. Now she is the key pace bowler in England team
cricket7 hours ago
Is he going to Chanel?
fashion8 hours ago
Here's what happened when chef Nicolas Isnard decided to add ice cream to the mix
food8 hours ago
The Artisan is an ideal choice for a business lunch
food8 hours ago
Before 1971, the average life expectancy was 53 years — now it's 80; this is why managing seniors' well-being is becoming an important topic, doctor says
uae8 hours ago
Gomez emphasises the role of gastronomy in diplomacy, stating that the relationships between nations are often strengthened around the dining table
lifestyle8 hours ago
Ministers of Gulf Arab states, Iran meet and talk de-escalation
energy8 hours ago
All apartments will have temperature-controlled sunken balconies that allow residents to enjoy year-round outdoor living
realty8 hours ago