Since the Binance money laundry case i've been following up cryptocurrency exchanges news and I just came across the news that one of the ones I use mainly-BingX, is enabling Iranian Rial to Tether trades? The question is, will terrorists be using their platform to launder money? Does this make BingX support terrorism indirectly?
Most other exchanges have this region restricted so I thought this was interesting move from their end. Would this be considered a OFAC violation? Any risk from this?
News source:
https://twitter.com/Cointelegraph/status/1778876995444617257it's a Lithuanian exchange. unless the country doesn't have its sovereignty and is just under the colony of the US then they can call it defying US sanctions but did the US really warn them not to allow Iranians?
seem fine after all, the users submit KYC. we seem to be preaching BTC is freedom but when it comes to the Iranians, we don't want them to have this freedom?
people in that country are about to engage in a war, i think they deserve to get to save their wealth. it wouldn't be bad to have some humanity.