Binance's Sanctions Shadow: What This Means for Crypto and Beyond The Department of Justice investigation into cryptocurrency exchange Binance has raised more questions than answers about the intersection of sanctions, regulation, and the crypto world.
The inquiry centers on whether Binance violated US sanctions on Iran by allowing certain trading to continue on its platform.
Binance is the largest cryptocurrency exchange in the world by user count and trading volume, with 320 million users and $11. 4 trillion in annual trading volume.