Report: Digital Currency Exchange Kraken Under Investigation for Violating OF...
On Tuesday, a newly published report details that the cryptocurrency exchange Kraken is under federal investigation for allegedly violating U.S. sanctions, according to five people familiar with the matter. The unknown sources explained that the inquiry into Kraken started in 2019, and it’s accused of allowing users from sanctioned countries like Iran access to the digital currency trading platform. Treasury’s Office of Foreign Assets Control Is Allegedly Investigating Kraken The San Francisco-based crypto exchange Kraken is allegedly under investigation by the....
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More than 1,500 users with residences in Iran reportedly had accounts at Kraken as of June, while 149 users in Syria and 83 in Cuba were also able to access the crypto exchange. The United States Treasury Department’s Office of Foreign Assets Control, or OFAC, is reportedly investigating crypto exchange Kraken for allegedly allowing users based in Iran and other countries to buy and sell crypto — a potential violation of U.S. sanctions.According to a Tuesday report from the New York Times, OFAC has been looking into Kraken’s alleged sanctions violations since 2019 and may be close to....
Kraken is among the world’s largest cryptocurrency exchanges which is currently undergoing a federal investigation. The crypto exchange has been suspected of violating U.S sanctions by allowing users in Iran to trade cryptocurrencies. This alleged violation was discovered through five people who were associated with the company or with the knowledge of the inquiry. This […]
Kraken has announced some of the major changes in the Cryptocurrency industry, including an update on Mt Gox investigation, Namecoin, and support for DAO. It is good news for the victims of Mt Gox collapse as they might be seeing their long-lost bitcoins once again. Kraken, one of the leading bitcoin exchanges has recently announced that it will be distributing bitcoin to many of those who had lost their digital currency holdings during the Mt Gox collapse. The company had announced the news few days ago in a press release. While the platform has not specified any dates for the....
Up and coming cryptocurrency exchange Kraken had some interesting news to deliver on Tuesday, noting that they have been chosen to help out in the liquidation and investigation of Mt. Gox, a Japanese bitcoin exchange that collapsed in spectacular fashion early this year (leading to the loss of hundreds of millions of dollars belonging to investors). On the Kraken blog, it was noted that the San Francisco-based exchange was chosen out of a number of exchanges, calling the process "extensive" and noting that they've been "thoroughly vetted." The exchange says the reasons they were selected....
Kraken Bitcoin Exchange. Bitcoin exchange Kraken has been selected to aid in the investigation of missing Bitcoin following the heist at the Mt Gox exchange. Kraken will also be involved in the distribution of remaining assets to the creditors. This decision was arrived at after an extensive evaluation process where multiple companies were considered and vetted. Kraken stood out for several reasons, chief among them being its proven track record in managing its exchange. The company has demonstrated stability and reliability in customer support. It also possesses sufficient expertise to....