The U.S. Treasury Department’s Office of Foreign Assets Control has been investigating Kraken since 2019 and is expected to issue a fine, according to the report. (https://nyti.ms/3PBTVaN)
Kraken said it does not comment on specific discussions with regulators.
Private company Kraken is the latest cryptocurrency company to come under regulatory scrutiny, as the rapidly growing industry finds itself in the crosshairs of the federal government.