U.S. crypto exchange Kraken suspected of violating sanctions - NYT


FILE PHOTO: The United States flag flies atop the U.S. Treasury Department in Washington November 18, 2008. REUTERS/Jim Bourg

(Reuters) -Cryptocurrency exchange Kraken is under federal investigation for potential violation of U.S. 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 U.S. 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. (https://nyti.ms/3PBTVaN)

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

   

Next In Tech News

Innovative AI solution by Malaysian teens aids stroke rehabilitation
Students innovate to combat waste, dementia and allergies
Former BP boss Looney to chair US data company Prometheus Hyperscale
Indian regulator rejects Apple request to put antitrust report on hold
Share too much info on social media and risk being hacked, warns MCMC
What is Bluesky and why are people leaving X to sign up?
Opinion: Messages can gobble up storage space
ChatGPT writes better poetry than Shakespeare, most people think
Game review: Help the sleeping Smurfs wake up from Gargamel's spell
TikTok CEO sought Musk's input ahead of Trump administration, WSJ reports

Others Also Read