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NEWS: Top US lawmakers question Binance over Iran transactions

Binance logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File photo

By PAUL O’DONOGHUE, Senior Correspondent

US lawmakers have stepped up scrutiny of Binance amid reports suggesting that Iran-linked flows far exceeded the exchange’s disclosures to Congress.

In a letter to Richard Teng, CEO of the crypyo exchange, Senator Richard Blumenthal said the company may have provided “misrepresentations or misleading information to the Subcommittee and to the public.”

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