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A comment on Binance served crypto traders in Iran despite U.S. sanctions. Parent comment

Re:Binance served crypto traders in Iran despite U.S. sanctions by JumpCrisscross on Monday July 11, 2022 @08:15AM (#32055111)
> don't believe that's how it works

It is.

> Xiaomi for example

Xiaomi was blacklisted [1]. Their CFO was arrested in Canada for fucking this up [EDIT: Nope!]. Xiaomi turned off their devices in Iran last year [2] in a bid to lift the restrictions.

> Samsung

There was a brief respite in sanctions during the nuclear deal. The pages you’re citing are from that era. Samsung withdrew from Iran [3]. Iran, for good measure, responded by banning them [4].

[1] https://www.cfo.com/accounting-tax/2021/01/xiaomi-and-cnoonc...

[2] https://www.globaltimes.cn/page/202109/1234058.shtml

[3] https://asia.nikkei.com/Spotlight/Iran-tensions/Iran-sanctio...

[4] https://asiatimes.com/2021/11/iran-bans-goods-from-south-kor...

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Re:Binance served crypto traders in Iran despite U.S. sanctions by ionspin on Monday July 11, 2022 @08:21AM (#32055174)
> Their CFO was arrested in Canada for fucking this up

If I recall correctly, CFO of Huawei was arrested in Canada, not Xiaomi.

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Re:Binance served crypto traders in Iran despite U.S. sanctions by makomk on Monday July 11, 2022 @09:18AM (#32055751)
Yeah, and the thing that got Huawei in trouble was using a secret subsidiary to smuggle US-produced tech from US companies into Iran in violation of sanctions, not simply doing business with Iran themselves.
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