Binance Blocks Limited Accounts Linked to Illicit Funds on August 28, 2024, Emphasizes Compliance with AML Regulations Amid Misinformation

In response to recent concerns regarding account transactions, Binance has clarified that only a limited number of user accounts linked to illicit funds were blocked. The exchange emphasized its adherence to internationally accepted anti-money laundering (AML) regulations. Company representatives stated that misinformation is circulating about the reasons for these account restrictions. Binance reiterated its commitment to transparency and compliance, asserting that the safety of the global community remains its top priority.