A New York Times report has illuminated a federal investigation into Kraken, a crypto exchange and bank, over whether the company violated U.S. sanctions by allowing Iranian users to engage with its platform.
Kraken could face a fine sometime in the near future according to five people at the company that tipped off the New York Times. The fines, while seemingly a tame punishment (depending on what the fine amounts to), signal a broader shift in the way crypto companies will be scrutinized moving forward.
