The Manhattan US Attorney’s Office is reportedly leading an investigation into Binance’s compliance with US sanctions on Iran, according to Bloomberg, as cited by Cointelegraph. The inquiry is examining whether the cryptocurrency exchange knowingly permitted trading activity that violated the sanctions, the report said. The development comes months after reports first disclosed that the US Department of Justice was investigating Binance. The reported probe places the exchange’s Iran-related controls under further scrutiny, although the supplied information does not indicate that authorities have reached a conclusion or announced any enforcement action. Binance’s native token, BNB, is among the crypto assets linked to the report for market tracking.
