Coinbase, Kraken Under Investigation By U.S. Regulators: Report
The two cryptocurrency exchanges are under increased U.S. scrutiny for allegedly listing unregistered securities and evading sanctions, respectively.Coinbase is reportedly under investigation by the SEC.The investigation is meant to determine if the company listed cryptocurrencies that should have been considered securities.Kraken reportedly is under investigation by the U.S. Treasury Department for violating sanctions.Scrutiny over cryptocurrency exchanges from U.S. regulators is growing by the day.Coinbase Global Inc., ($COIN) is facing a probe from the Securities and Exchange Commission....
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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....
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....
Crypto exchange Coinbase has been meeting with a number of regulators to convince them that the U.S. should have just one federal regulator overseeing the crypto sector. Currently, there is a variety of different regulators in the U.S., CEO Brian Armstrong explained, noting that Coinbase has “53 regulators in just one country, the United States.”
Coinbase Wants One Regulator in the US
The Nasdaq-listed cryptocurrency exchange Coinbase is pushing for the U.S. to have just one crypto regulator.
“We’ve met with a number of different regulators....
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....
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....