Binance has announced a significant reduction in its exposure to sanctioned entities, claiming a 97% decrease since January 2024. The crypto exchange stated that its sanctions-related exposure now accounts for just 0.009% of its total exchange volume. This announcement follows allegations of sanctions violations, which Binance has denied, asserting that no investigators were dismissed for raising compliance concerns.
In a recent blog post, Binance detailed its compliance efforts, highlighting a reduction in direct exposure to Iranian exchanges from $4.19 million to $110,000 between January 2024 and January 2026. The company emphasized its commitment to compliance, noting that 25% of its global workforce is dedicated to this area and that it has invested heavily in compliance programs.
Binance Reports 97% Reduction in Sanctions Exposure Since 2024
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