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. Binance co-founder Yi He commented on the situation, emphasizing that only accounts linked to illegal activities were blocked in compliance with Anti-Money Laundering regulations.
Compliance with International Regulations
Yi He noted that Binance, like other financial institutions, adheres to internationally recognized Anti-Money Laundering regulations. This statement was made in response to criticism that the exchange allegedly froze all Palestinian assets at Israel's request.
Binance's Educational Initiatives
Yi He added that Binance will continue to educate its users on how to trade securely and safely on the platform. This statement emphasizes that the steps taken to comply with international rules do not compromise user security.
Hope for Peace
Yi He concluded that the most important goal is to achieve lasting peace in the region. This statement shows 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. This development has sparked new debates in the cryptocurrency world.
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