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U.S. crypto exchange Kraken suspected of violating sanctions - NYT

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Kraken is the latest cryptocurrency company to come under the regulatory scanner.

The U.S. Treasury Department's Office of Foreign Assets Control has been investigating Kraken since 2019 and is expected to impose a fine, according to the report.

Kraken said it does not comment on specific discussions with regulators, while a Treasury spokesperson declined to comment. Privately held Kraken is the latest cryptocurrency company to come under the regulatory scanner, as the rapidly growing industry gets caught in the crosshairs of the federal government.

 

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