The US Treasury Department’s Office of Foreign Asset Control is investigating cryptocurrency exchange Kraken for allegedly violating economic sanctions against Iran, new York Times,
Five people reported “affiliated with the company or with knowledge of the inquiry” new York Times That Kraken is suspected of allowing customers in Iran and other sanctioned countries to use its exchange, while the company has been banned from doing so. Source According to the report, wanted to remain anonymous for fear of retaliation.
The United States has upheld economic sanctions against Iran since 1979, meaning that any business based in the US cannot buy or sell goods to anyone in the country.
Kraken’s Chief Legal Officer Marco Santori said decrypt Via email that “Kraken does not comment on specific discussions with regulators.”
“Kraken has strong compliance measures and continues to grow its compliance team to match the growth of its business. Kraken closely monitors compliance with sanctions laws and, as a general matter, regulators as well. Reports potential issues,” Santori said.
While Kraken may be under investigation for allegedly violating US sanctions, open sea It disappointed some users earlier this year when it raised the issue of imposing US sanctions against Iran. Back in March, New York-based NFT Marketplace banned several Iranian traders who either resided or claimed to have previously lived in the country.
Back in September, the US Commodity Futures Trading Commission (CFTC) fined Kraken $1.25 million To list “illegal off-exchange digital asset trading and failed to register as required”.
Meanwhile, the company is dealing with an internal culture conflict. Last month, Kraken CEO Jesse Powell doubled down on efforts to ensure their exchange”Freedom Company” and said “trigger” employees should leave.