The Binance cryptocurrency exchange has told its remaining users in Iran they should withdraw their money. With the renewal of U.S. sanctions, the exchange can’t do business in Iran if it wants to do business in the U.S.

“If you have an account with Binance and fall into that [sanctions] category, please withdraw your assets from Binance as soon as possible,” the exchange said in an email local sources quoted to CoinDesk. The exchange would not comment.

Binance is cutting ties with Iranian customers at a time when Iranian authorities are reportedly moving forward with plans for a national cryptocurrency. Read more here.

 

ThirtyK Staff
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