Binance Has Reopened Access to Its Digital Asset Platform for Syrian Residents

The move will allow individuals living in Syria access to the full range of Binance services, including crypto trading, staking, stablecoin transfers, and educational content.

Binance has reopened access to its digital asset platform for Syrian residents, marking a major policy shift that follows the latest suspension of U.S. sanctions over Syria. The move will grant individuals living in Syria the ability to use the full range of Binance services, encompassing crypto trading, staking, stablecoin transfers, and educational content.

This development is a direct result of the U.S. Treasury’s introduction of Syria General License 25, which now permits a broad range of transactions that were previously restricted under the Syrian sanctions regulations. For several years, these sanctions had blocked many cryptocurrency platforms from operating within Syria's borders. Binance, like other global exchanges, had been forced to close registration and trading to Syrian users in order to comply with international restrictions.

However, with the U.S. Treasury’s latest move to modify the existing sanctions regime, Binance has now officially removed Syria from its list of Prohibited Countries.

Syrian residents are now able to trade over 300 digital assets on the platform, including Bitcoin (BTC), Ripple (XRP), Dogecoin (DOGE), Shiba Inu (SHIB), Toncoin, and Bitcoin Cash (BCH). Binance’s services, which include spot and futures trading, staking products, and cross-border transfers through Binance Pay, are also now available in Syria.

High Demand For Crypto In Syria Driven By Years Of Economic Pressure

Syria’s ongoing economic challenges have naturally shaped demand for alternative financial tools. With a population of approximately 24 million and millions more living abroad, the country has faced persistent inflation and currency instability. Crypto-related search activity in Syria ranked in the global top-10 as recently as 2021, despite the formal restrictions in place.

But with the Biden administration making a move to modify the existing sanctions regime, several U.S.-based financial institutions and cryptocurrency platforms are now able to operate in Syria once again.

A Closer Look At The New U.S. Sanctions Exemption

The U.S. Department of the Treasury's introduced General License 25 has authorized transactions to begin or continue that were previously prohibited, set to expire on May 13, 2025. This includes petroleum imports, investment opportunities and select banking transactions. 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.