Crypto exchange Kraken is reportedly under federal investigation for allegedly violating a US sanction against Iran.
The US has imposed restrictions on activities with Iran following the hostage crisis at the American embassy in Tehran in 1979.
As a result, US-based businesses are not allowed to buy or sell goods to anyone in the Middle Eastern country.
Kraken is reportedly suspected of violating this sanction.
Citing unnamed people affiliated with the exchange or who are familiar with the matter, The New York Times Rapporten that the Treasury Department’s Office of Foreign Assets Control (OFAC) has been investigating Kraken since 2019 for allegedly allowing Iran-based users to buy and sell digital assets.
The OFAC administers and enforces the economic and trade sanctions imposed by the US.
The report says that Kraken will likely get fined, which will make the $11-billion private company the biggest US-based crypto firm to face enforcement action from the agency.
A Treasury spokeswoman says that the agency is committed to enforcing sanctions that protect national security but did not confirm the alleged investigation.
Marco Santori, Kraken’s chief legal officer, says that the company does not give comment on specific regulator discussions, but says that the exchange complies with sanction laws.
“Kraken closely monitors compliance with sanctions laws and, as a general matter, reports to regulators even potential issues.”
Verpasst kee Beat - abonnéieren fir Krypto E-Mail Alarmer direkt an Är Inbox geliwwert ze kréien
kontrolléieren Präis Action
Follegt eis op Twitter, Facebook an Hëllefe profitéieren
Surfen Den Daily Hodl Mix
Disclaimer: Meenungen ausgedréckt am The Daily Hodl sinn net Investitiounsberodung. D'Investisseure sollten hir Due Diligence maachen ier se héich riskéiert Investitiounen an Bitcoin, cryptocurrency oder digital Verméige maachen. Gitt u Berodung datt Är Transferen an Trades op Ären eegene Risiko sinn, an all Verloscht déi Dir leet, ass Är Verantwortung. Den Daily Hodl empfeelt net de Kaf oder de Verkaf vu Krypto-Währungen oder digital Verméigen, an och ass den Daily Hodl keen Investitiounsberoder. W.e.g. notéiert datt den Daily Hodl am Partnermarketing matmaacht.
Ausgezeechent Bild: Shutterstock / ittoilmatar
Source: https://dailyhodl.com/2022/07/28/crypto-exchange-kraken-under-investigation-for-allegedly-allowing-iranian-sanction-evasion-report/