After Binance defied U.S. sanctions on Iran, another exchange followed suit, which has now drawn the attention of the U.S. Treasury. The U.S. Treasury Department’s Office of Foreign Control has probed an investigation into Kraken, a cryptocurrency exchange. According to the New York Times report, the exchange is reportedly involved in violating the rules and sanctions against Iran.
According to a New York Times report, Kraken is under investigation for allowing users in Iran to buy and sell digital assets.The current issue came to light in late November 2019 when a former employee, Nathan Peter Runyon, accused the exchange of trading illegally despite sanctions. The authorities took up the issue and started investigating the transactions in Iran. It is believed that the exchange has also operated in other sanctioned countries like Syria and Cuba, effectively defying rules. #togrp7