Will the enforcement of economic sanctions force crypto exchanges to purge Iranian traders?

Colleagues, Bittrex, BitMex and now Binance have banned Iranian cryptocurrency traders in an effort to avoid penalties in the wake of US economic sanctions. The exchanges issue a warning to users based in Iran to withdraw their funds or face the confiscation of their assets. There are surely legitimate crypto traders in the Persian state, however, the goal is to place an embargo on any state-sponsored entities from circumventing US trade sanctions. Binance has moved from China to Japan, while BitMex HQ is in Hong Kong and Bittrex is located in the US. Exchanges, whether with large or modest trading volumes, face penalties for aiding and abetting Iranian actors from participating – even on the margins – in the global economy. Will other crypto exchanges follow their lead? We believe the strategies of other crypto platforms will depend on the rigor of direct or indirect US penalties. Post a comment today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)