Key Takeaways:
- Syrians now have full access to Binance’s crypto services, including trading, staking, and Binance Pay, following the U.S. Treasury’s issuance of General License 25.
- With the Syrian pound’s value down over 99% since 2010, local interest in digital assets continues to grow as the government drafts plans to legalize Bitcoin and regulate the crypto sector.
Binance has resumed full cryptocurrency services in Syria after the U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued General License 25 on May 23, suspending longstanding sanctions. This pivotal move comes in the wake of sweeping political change, with President Ahmed al-Sharaa assuming power after the fall of the Assad regime in December 2024.
Binance, the world’s biggest crypto exchange, is opening its platform to users in Syria, a month after Donald Trump said he will lift economic sanctions on the country https://t.co/qiqnSaJYMa
— Bloomberg (@business) June 12, 2025
The license officially removes Syria from Binance’s restricted country list, allowing Syrian citizens to register on the platform and access its full suite of services. These include spot and futures trading, staking, crypto earn products, and Binance Pay—a major leap forward for a population long cut off from global financial tools.
U.S. Policy Shift Reopens Doors
President Donald Trump’s administration was quick to lift sanctions following Syria’s political transition, enabling U.S.-based platforms to re-enter the market. The removal of restrictions has not only facilitated Binance’s return but also marked a turning point in Syria’s integration into the global digital economy.
Binance Enhances Local Support
To ensure a safe and informed user experience, Binance has announced plans to offer Arabic-language educational materials and support services. This initiative targets the country’s large population of crypto-curious individuals, many of whom turned to digital assets during years of economic turmoil.
Hyperinflation and the collapse of the Syrian pound—now worth less than 1% of its 2010 value—have pushed many citizens toward cryptocurrencies. Remittances and informal networks, once critical lifelines, proved unreliable amid persistent instability.
High Demand Amid Financial Crisis
Despite the sanctions, Syria consistently ranked among the top ten countries for crypto-related search activity. Now, with Binance’s platform once again accessible, millions of Syrians can securely store value and conduct digital transactions.
The Syrian government is reportedly drafting legislation to legalize Bitcoin and regulate crypto activities such as trading and mining. This move aims to bring the country’s financial laws in line with international standards.
Also Read: Whale Dumps $11.65M in Pepe (PEPE) on Binance — Is a Major Price Crash Coming?
Binance’s return underscores a broader shift toward rebuilding Syria’s financial infrastructure—one block at a time through blockchain.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
