Is Binance allowed in Iran?

Cryptocurrency transactions in relation to Iran present a complex landscape, making it challenging to distinguish between those conducted by individuals or entities linked to the Islamic Republic and those performed by ordinary citizens.

The international sanctions imposed on Iran add another layer of complexity to this issue, as cryptocurrency exchanges are required to comply with these regulations to maintain their legitimacy and avoid legal consequences.

Additionally, BTCC provides futures trading, a feature that enables users to speculate on the future price movements of cryptocurrencies and potentially profit from their predictions. The exchange also offers a wallet service, allowing users to securely store and manage their digital assets.

In light of these regulations, Binance, a prominent cryptocurrency exchange, announced in July 2022 that it adheres to the international sanctions framework regarding Iran. This commitment underscores the exchange's dedication to maintaining a transparent and compliant ecosystem.

As part of its efforts to comply with international sanctions, Binance blocks access to its platform for individuals or entities based in Iran. This measure ensures that the exchange does not facilitate transactions that could violate international laws or regulations.