Kraken, one of the largest cryptocurrency exchanges based in the United States, is reportedly under investigation for allegedly violating sanctions.
What Happened: According to a report from the New York Times on Tuesday, the U.S. Treasury is looking into whether Kraken allowed Iranian users to buy and sell cryptocurrencies on its platform — an act which would constitute a violation of federal sanctions.
People familiar with the matter told the New York Times that the Treasury Department’s Office of Foreign Assets …
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