Crypto Exchange Kraken Violated Sanctions, Alleges US Treasury: NYT

Kraken, one of the largest cryptocurrency exchanges based in the United States, is reportedly under investigation for allegedly violating sanctions. What Happened: According to a report from the New York Times on Tuesday, the U.S. Treasury is looking into whether Kraken allowed Iranian users to buy and sell cryptocurrencies on its platform — an act which would constitute a violation of federal sanctions.