Kraken pays around $362,000 in fine to U.S. regulators to settle in Iranian sanctions’ violations affair

FlavienNovember 29, 2022

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Kraken pays around $362,000 in fine to U.S. regulators to settle in Iranian sanctions' violations affair

On Nov. 28, an official statement from the U.S. Department of the Treasury announced that cryptocurrency exchange Kraken and the Office of Foreign Assets Control decided to settle on a fine of around $362k, related to allegations of violations of Iranian sanctions.
These sanctions have been implemented by the U.S. since 1979, and forbid the export of goods and services to entities or inhabitants of the middle-eastern nation.

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Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.