Syria has been one of the most politically charged geopolitical areas of the last 50 years. The location has seen some of the most brutal struggles of power and control. Therefore, it is a surprising twist when Binance showed interest in the country.
According to the notice shared by Binance, Syria is not considered a prohibited country, which means that Syrian residents can register on the platform and avail themselves of crypto services, just like people from other countries.
The Ray of Hope
Syrian traders will gain access to a range of trading services, including cross-border trading and payment modules, as well as an Arabic UI/UX, all designed to make the application more Arab-friendly.
Under the new rule of Trump, the US government has issued a mandate to de-list Syria as one of the problem nations. This is huge for Syria as now Binance, and other financial institutions can finally take charge of the situation and help build the nation’s crypto landscape.
Binance shared their enthusiasm regarding the matter stating, “We’re proud to offer real solutions that support Syria’s economic recovery and help grow its digital economy, in line with international efforts and applicable regulations.”
Un Al-Assad’s draconian rule, the country became a bedrock for Islamist terrorism. The primary operating group in the area was Daesh or ISIS. However, after years of terrorism and devolving human lives, this interest taken by Binance is actually a ray of hope.
