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Kraken is under investigation for serving in Iran in violation of U.S. sanctions

Kraken is a United States–based cryptocurrency exchange and bank, Kraken may face a probe for letting Iran users trade crypto.

Kraken is under investigation for serving in Iran in violation of U.S. sanctions..jpg

Crypto Exchange Kraken Is reportedly under investigation for the Alleged US. Sanctions violations.

The New York Times reported on Tuesday Kraken is suspected of letting users in Iran and other places buy and sell digital assets violating U.S sanctions in place since 1979.

The Treasury Department's Office of Foreign Assets Control has been investigating Kraken since 2019.

The Treasury is examining if the exchange facilitated the trading of assets in accounts based in Iran, Syria, and Cuba. A former employee reportedly allegedly said that Kraken had been generating revenue from users in those countries.

Read full news at : https://cryptounity.news/kraken-is-under-investigation-for-serving-in-iran-in-violation-of-us-sanctions

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