Binance has resumed crypto services for Syrians after the United States lifted sanctions on the country.
Syrians can now access Binance tools like trading staking and payments with full support in Arabic.
The move follows a political change in Syria and opens new financial options for millions of residents.
Binance has resumed full crypto services in Syria. This follows the suspension of U.S. sanctions on the country. The move came after a new license was issued by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) on May 23.
The decision removes Syria from Binance’s restricted country list. Syrians can now register on the platform and access the full range of crypto services. These include spot and futures trading, staking, earn products, and Binance Pay for payments.
Shift in U.S. Policy Sparks Change
The sanctions were removed after a key political change in Syria. Assad regime was toppled in December 2024. Ahmed al-Sharaa was sworn in as the new president of Syria. Soon after, U.S President Donald Trump declared the lifting of sanctions.
This policy change has allowed companies like Binance to legally operate in Syria again. OFAC’s General License 25 officially authorized the suspension of sanctions. This license now permits financial platforms to re-enter the Syrian market.
Binance Expands Support for Syrian Users
Alongside restoring access, Binance plans to offer guidance and education to Syrian users. The exchange has committed to providing Arabic-language resources and support tools. These efforts aim to help new users understand crypto safely and effectively.
Syria’s economic collapse created strong interest in digital assets. Hyperinflation and a sharp drop in currency value pushed many toward alternatives. Remittances and informal networks previously filled the gap, but these proved unreliable.
The Syrian pound has lost over 99% of its value since 2010. The World Bank estimates a 60% decline in the country’s economy. This instability increased local demand for secure, accessible financial tools.
Rising Crypto Interest in Syria
Even under sanctions, Syria ranked among the top ten countries for crypto-related searches. This data reflects a long-standing interest in blockchain technology. Many Syrians saw digital assets as a safer option amid economic chaos.
Now, with access restored, residents can use crypto to store value and make payments. Binance’s platform opens financial tools to millions who previously faced restrictions.
New Legal Framework in Progress
The Syrian government is considering legalizing Bitcoin. Plans include a full regulatory framework for trading, mining, and investing. The aim is to align local laws with international standards.
With Binance’s return, Syrians now have regulated access to global crypto markets. The exchange’s efforts reflect growing support for rebuilding the nation’s financial system. Read MoreNews, Blockchain News, Crypto Live News, NewsNow, binance, Bitcoin, Blockchain, Crypto market, cryptocurrency, Sanctions, Syria
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