Crypto exchange Binance opens trading to Syrians after US lifts sanctions
- Following the recent removal of U.S. sanctions on Syria, Binance has enabled Syrian users to access its cryptocurrency trading platform.
- The removal of sanctions came after a new government assumed control in Syria in December, following prolonged turmoil and decades of economic limitations imposed by foreign powers.
- Syrian users now have complete access to Binance's platform, enabling them to buy and sell cryptocurrencies through the Syrian pound and trade a wide range of over 300 digital assets, including stablecoins.
- Binance described cryptocurrency as a crucial resource for many, highlighting that Syria has around 24 million residents and a significant diaspora exceeding 8 million people.
- This expansion could aid Syria’s economic reintegration and access to financial tools amid ongoing recovery efforts.
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Ninety percent of the Syrian population still lives below the poverty line. Nevertheless, entrepreneurs and policymakers are cautiously optimistic about the future after the fall of Assad. But then the sanctions must be lifted.
·Netherlands
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Crypto giant Binance launches in Syria after U.S. sanctions lift
·United States
Read Full ArticleBitget Opens Doors for Syrian Users Enabling Full-Service Suite of Products
VICTORIA, Seychelles, June 12, 2025 (GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has now enabled onboarding of Syrian citizens on the platform. This comes following the recent suspension of OFAC sanctions. Syrian citizens and residents can now register on the platform, complete identity verification, and access the full suite of services—ranging from P2P and spot trading to futures and yield-generating produc…
·New York, United States
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Total News Sources44
Leaning Left5Leaning Right2Center2Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 22%
R 22%
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