One of the world’s largest cryptocurrency exchanges, Binance, has come under scrutiny for allegedly freezing all assets belonging to Palestinians at Israel’s request. This claim suggests that the company, which also operates in Turkey, acted in accordance with Israel’s demands. However, Binance co-founder Yi He stated that only a limited number of accounts linked to illegal money were blocked, emphasizing that such operations are conducted in compliance with Anti-Money Laundering regulations.
Compliance with International Regulations Stressed
Yi He noted that Binance, like all other financial institutions, adheres to internationally recognized Anti-Money Laundering regulations. The statement aimed to mitigate criticism that the exchange had seized all Palestinian assets while fulfilling Israel’s requests.
Yi He also added that Binance would continue to educate its users on how to trade securely and safely on the platform. The statement aims to emphasize that the steps taken to comply with international rules do not compromise user security.
Hope for Peace Expressed
Yi He concluded by stating that the most important goal is to achieve lasting peace in the region. The message aims to show that Binance strives to remain neutral amid political tensions and acts in accordance with international law.
It is noted that Binance complied with Israel’s requests but did not seize all Palestinian assets in the process. The development has sparked new debates in the cryptocurrency world.
