A friend visiting from Iran and I were discussing the current wave of boycotts in Iran against companies that are controlled by the regime. He related that consensus in Iran is that after a certain size (or if in important sector) all companies are part owned if not controlled by Sepah (IRGC - a terrorist organization).
So while 'Nobitex' doesn't mention anything about who is running it on their website, you can be certain that it is a very important company as far as IRGC is concerned.
Which brings us to the legal question (IANAL) of how much legal exposure is Binance facing here, given that the Iranian-American community is gearing up to legally excise ("wipe from pages of history") all elements of IR from access to US government, commerce, academia, lobbies, communications, and of course finance, and those who support the Islamic Republic here in USA, and their terrorist IRGC will face legal consequences.
From Reuters:
"Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. sanctions intended to cut Iran off from the global financial system, blockchain data show.
"Almost all the funds, some $7.8 billion, flowed between Binance and Iran's largest crypto exchange, Nobitex, according to a review of data from leading U.S. blockchain researcher Chainalysis. Nobitex offers guidance on its website on how to skirt sanctions."
So while 'Nobitex' doesn't mention anything about who is running it on their website, you can be certain that it is a very important company as far as IRGC is concerned.
Which brings us to the legal question (IANAL) of how much legal exposure is Binance facing here, given that the Iranian-American community is gearing up to legally excise ("wipe from pages of history") all elements of IR from access to US government, commerce, academia, lobbies, communications, and of course finance, and those who support the Islamic Republic here in USA, and their terrorist IRGC will face legal consequences.
From Reuters:
"Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. sanctions intended to cut Iran off from the global financial system, blockchain data show.
"Almost all the funds, some $7.8 billion, flowed between Binance and Iran's largest crypto exchange, Nobitex, according to a review of data from leading U.S. blockchain researcher Chainalysis. Nobitex offers guidance on its website on how to skirt sanctions."
https://www.reuters.com/business/finance/exclusive-crypto-ex...