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 imposing a fine on the exchange. The U.S. has imposed sanctions on Iran that prohibit the export of goods or services to businesses and individuals in the country since 1979. However, the news outlet reported seeing internal messages from 2019 suggesting that Kraken CEO Jesse Powell would consider breaking the law — though not seemingly referring to sanctions — if the benefits outweigh any potential penalties.
Continue Reading on Coin Telegraph
Source: Cryptocurrency - investing.com
