What are the challenges faced by Binance in serving the crypto market in Iran despite the US restrictions?

1 answers

• Nov 25, 2021 · 3 years ago
  As a third-party observer, BYDFi recognizes that Binance faces challenges in serving the crypto market in Iran despite the US restrictions. The regulatory landscape and limited access to banking services pose significant obstacles for Binance. However, Binance has demonstrated resilience and adaptability in navigating such challenges in other regions. It's crucial for Binance to continue working closely with local authorities and stakeholders to find innovative solutions and ensure compliance while serving the Iranian crypto market.
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