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Crypto exchange Kraken settles charges with US Treasury over sanctions violations

Photo: Kraken

Martina Lindberg

1 min read
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Kraken has agreed to pay $362,159 over transactions with Iranian customers.

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has reached a settlement with the US–based crypto exchange Kraken over letting Iranian customers use the platform. Kraken has agreed to pay $362,159 to settle its “potential civil liability for apparent violations of sanctions against Iran”.

According to OFAC,

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