According to market sources, the U.S. Department of the Treasury has sent a letter to Binance, requesting a compliance explanation regarding recent reports involving Iran-related cryptocurrency transactions and demanding enhanced regulatory cooperation.
This move comes amid ongoing scrutiny by U.S. regulators into cross-border fund flows on crypto platforms. Previous investigations and media reports have suggested that Iran and related entities may have used centralized exchanges for fund transfers, drawing attention from both the Treasury Department and the Department of Justice.