Treasury Investigating Kraken for Flouting U.S. Sanctions: NYT

Key Takeaways

• The Treasury Department is investigating Kraken for breaking U.S. sanctions, The New York Times has reported.
• The exchange allowed users in Iran and other banned countries to trade on its platform, the report claims citing sources familiar with the matter.
• Sanctions have been a hot topic in crypto in recent months, with Kraken’s CEO Jesse Powell speaking out on the issue following Russia’s invasion of Ukraine.