During its investigation on the Kraken exchange, the United States Treasury Department learned about the Kraken exchange’s services to Iranians and identified it as a clear example of sanctions violations.
The US Treasury Department is investigating the cryptocurrency exchange Kraken because it is said to have violated economic sanctions against Iran and made its services available to users from this country.
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Kraken exchange services for Iranians
The New York Times quoted 5 reliable sources in a report claiming that this exchange is suspected of providing services to Iranian users and other sanctioned countries. If this exchange is found guilty in this case, the Ministry of Treasury will probably issue a fine to it. The publication notes that the sources have chosen to remain anonymous for fear of retaliation.
Marco Santori, the Chief Legal Officer of Kraken Exchange, also sent an email to CoinDesk and said that it is not possible to provide further explanations in this regard. Kraken CEO and co-founder Jesse Powell has spoken in the past about his willingness to challenge what he sees as unfair regulations, such as international sanctions.
In February, after the Russian attack on Ukraine, he rejected requests to block the accounts of Russian users and said:
“Our mission in [کراکن] It is to take people out of the old financial system and into the world of digital currencies. Where arbitrary lines on maps don’t matter anymore, where they don’t need to worry about massive and arbitrary confiscation of their wealth.”
He also promised in a memo released last month that he would not get involved in disputes over government agencies trying to deport people under outdated laws. In a similar report, Reuters a few weeks ago to the issue Binance exchange services for Iranian users He had paid despite the sanctions.
On the other hand, many cryptocurrency platforms have blocked the access of Iranian users. For example, OpenSea, as the world’s largest NFT market, blocked the access of Iranian users forever at the end of last year.
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