Binance Resumes Services in Syria After U.S. Sanctions Ease

Binance has resumed its services in Syria following the easing of U.S. sanctions, marking a significant policy shift for the global cryptocurrency exchange. This move allows Syrian residents to access the full range of Binance services, including crypto trading, staking, stablecoin transfers, and educational content. The decision comes after the U.S. Treasury introduced General License 25, which permits a broad range of transactions that were previously restricted under Syrian sanctions regulations.

For years, U.S. sanctions had blocked many cryptocurrency platforms from operating in Syria, including Binance. The exchange had previously prohibited Syrian users from registering or trading in compliance with international restrictions. However, with the introduction of General License 25, Binance has now officially removed Syria from its list of Prohibited Countries, allowing Syrian residents to use over 300 digital assets on the platform.

Syria's ongoing economic challenges have significantly shaped the demand for alternative financial tools. The country has faced persistent inflation and currency instability, driving interest in cryptocurrencies. Despite formal restrictions, crypto-related search activity in Syria ranked in the global top-10 as recently as 2021. With access now restored, residents can use the platform’s more than 300 digital assets, including Bitcoin (BTC) and major altcoins. The services now available include spot and futures trading, staking products, and cross-border transfers through Binance Pay, which could provide a crucial lifeline for a population that relies heavily on financial transfers from abroad.

The U.S. Department of the Treasury’s General License 25 has authorized transactions to resume involving Syrian individuals and entities that were previously prohibited on or before May 13, 2025. This includes petroleum imports, investment opportunities, and select banking operations. Transactions with the Central Bank of Syria are authorized in some instances. However, some restrictions remain in place, particularly around foreign aid and exports subject to U.S. controls.

Binance's decision to resume services in Syria is a strategic move, as it seeks to expand its user base and increase its market share in the Middle East. The company's ability to adapt to changing regulatory environments and provide innovative solutions to its users has positioned it as a leader in the cryptocurrency industry. As Binance continues to grow and evolve, it is likely to play an increasingly important role in shaping the future of the global digital economy.