Binance Resumes Services in Syria After U.S. Sanctions Ease 300% Crypto Access

Binance, a prominent cryptocurrency exchange, has resumed its services in Syria following the easing of U.S. sanctions under General License 25. This policy change, issued by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) on May 23, 2025, has lifted many restrictions that previously prohibited Syrian residents from accessing global crypto services. This shift marks a significant step toward expanded financial inclusion in the region, allowing Syrian users to engage in crypto trading and remittance services that were previously inaccessible.

With the lifting of these sanctions, Syrian residents can now trade over 300 crypto tokens, including BTC, XRP, DOGE, SHIB, TONCOIN, and BCH. They also gain access to Spot and Futures trading, staking products, stablecoins, and Binance Pay, which supports low-cost cross-border remittances to neighboring countries. Binance has ensured compliance with applicable rules to prevent illicit activities, reflecting broader efforts to improve access to regulated financial tools for Syrians. The platform has also introduced Arabic educational materials and local support for new users, aiming to reduce entry barriers for first-time digital investors and strengthen trust in regulated digital finance.

Before this policy update, Syrians faced major barriers to accessing global crypto services due to U.S. sanctions. This situation limited the growth of the Syrian crypto market despite rising local demand driven by economic crisis and hyperinflation. Now, with secure tools provided by Binance, Syrians can rely on verified services instead of unverified local exchange services. This change may reshape remittance habits across Syria and the diaspora, encouraging international investors to consider opportunities in Syria’s rebuilding economy.

General License 25 permits many transactions previously barred under Syrian Sanctions Regulations, authorizing services to and from Syrian individuals and companies. This includes new investment ventures, petroleum imports, and banking transactions, as well as dealing with the Central Bank of Syria in many cases. However, some U.S. restrictions remain in place, including foreign aid and export controls. This legal shift may influence recovery efforts in the country’s fragile economy, although observers caution that evolving regulations could still introduce new compliance hurdles.

The resumption of Binance's services in Syria is part of a broader effort to reintegrate the country into the global economy. The European Union has also ended its economic sanctions on Syria, further facilitating economic growth and development in the region. This move is seen as a way to encourage economic development and stability in Syria, which has been devastated by years of conflict. By allowing Syrian users to access crypto trading and remittance services, Binance is playing a key role in supporting the country's economic recovery.

The growing importance of cryptocurrency in the global economy is highlighted by this development. As more countries and regions lift sanctions and embrace digital currencies, the demand for reliable and secure crypto trading platforms is likely to continue to grow. Binance's decision to resume its services in Syria is a clear indication of the company's commitment to expanding its global reach and providing its users with access to the latest financial technologies. This move also underscores the potential of digital assets to reshape financial ecosystems in conflict zones, offering safer remittance options and new investment models for underserved populations.