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Syrian Nationals Gain Binance Access as US and EU Lift Sanctions

  • Binance now allows Syrian nationals to trade cryptocurrencies after US and EU sanctions were lifted.
  • The decision to launch in Syria follows the removal of sanctions by the US and EU, allowing Syrians to access around 300 tokens on the platform.
  • Syrians can trade assets like Bitcoin, XRP, Dogecoin, Shiba Inu, Toncoin, and Bitcoin Cash using the Syrian pound.
  • Access to services like spot trading, peer-to-peer exchange, futures trading, and earn programs require completion of KYC.
  • Syrian users can utilize Binance Pay for cross-border remittances and access customized Arabic educational content.
  • Syria has a population of 21.4 million with an estimated GDP per capita of $2,810, as per IMF data.
  • Around 13 million people of Syrian descent resided outside the country in 2016.
  • Prominent leaders in Syria aim to enhance public services and internet connectivity post civil war and sanctions.
  • The news is part of a wider crypto landscape that includes stories like a financial adviser being banned for involvement in a crypto scam.

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