Comments
Cryptocurrency exchange Kraken is under federal investigation for potential violation of US sanctions by allowing users in Iran and elsewhere to buy and sell digital tokens, the New York Times reported, citing people with knowledge of the matter.
The US Treasury Department's Office of Foreign Assets Control has been investigating Kraken since 2019 and is expected to impose a fine, according to the report.
Kraken said it does not comment on specific discussions with regulators, while a Treasury spokesperson declined to comment.
Privately held Kraken is the latest cryptocurrency company to come under the regulatory scanner, as the rapidly growing industry gets caught in the crosshairs of the federal government.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.