CZ Denies Claims of Binance Firing Investigators Over Iran Probe

Binance's CEO addresses allegations of dismissals linked to an investigation involving Iranian entities and stablecoin usage.

Binance CEO Changpeng Zhao, often referred to as CZ, has openly dismissed allegations suggesting that the company terminated investigators following findings from a probe related to Iranian activities.

Recent reports from independent blockchain analysis firms indicate an increasing trend of Iranian organizations utilizing stablecoins as a means to transfer funds, bypassing conventional banking systems. This growing usage raises questions about the implications for regulatory frameworks and compliance in the cryptocurrency space.