Binance says sanctions exposure has declined 97% since 2024

CoinTelegraph

by Martin Young

February 23, 2026

AI-Generated Deep Dive Summary

Binance has announced a significant reduction in its exposure to sanctioned entities and high-risk jurisdictions, with sanctions-related activity now accounting for just 0.009% of its total exchange volume since January 2024—a decline of approximately 97%. This revelation comes in response to recent allegations of potential violations, as detailed in a February report by Fortune, which claimed that the exchange had fired at least five investigators who supposedly uncovered evidence of Iranian sanctions breaches. In a blog post titled “Setting the Record Straight,” Binance emphasized its commitment to compliance and highlighted measures taken to minimize risks. The crypto exchange has long been under scrutiny due to its global operations and connections to regions subject to economic sanctions, particularly Iran. While Binance maintains that it operates in full compliance with international regulations, critics argue that its business practices may inadvertently facilitate transactions involving sanctioned entities. This tension between growth and regulatory adherence has become a focal point for the broader cryptocurrency industry, which faces increasing pressure from governments worldwide to enforce anti-money laundering and sanctions laws. Binance’s response reflects the growing importance of regulatory compliance in the crypto sector. The exchange’s claim of nearly eliminating its exposure to sanctioned entities signals an effort to distance itself from past controversies and reassure stakeholders of its commitment to legal standards. However, questions remain about the verifiability of such claims, as third-party audits or transparent reporting mechanisms are often lacking in the decentralized nature of blockchain transactions. For readers interested in crypto, understanding Binance’s stance on sanctions exposure is crucial for assessing the platform’s reliability and long-term viability. The exchange’s ability to navigate complex regulatory landscapes while maintaining its position as a leading global cryptocurrency marketplace will likely shape the industry’s future. Additionally, the broader implications of compliance measures in blockchain technology highlight the ongoing challenges of balancing innovation with legal frameworks. This development underscores the delicate balance crypto exchanges must strike between growth and regulatory compliance. While Binance’s claims of reduced exposure may aim to quell concerns, the lack of transparency in the cryptocurrency space continues to pose significant risks for users and investors alike. As the industry evolves, the ability of platforms like Binance to address these issues will be key to fostering trust and ensuring sustained growth.

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Originally published on CoinTelegraph on 2/23/2026