Crypto exchange Kraken settles U.S. investigation over alleged Iran sanctions violations

(Reuters) – Crypto exchange Kraken has agreed to pay a fine to settle civil liability related to apparent violations of sanctions on Iran, the U.S. Treasury Department’s Office of Foreign Assets Control said on Monday. As part of the settlement with OFAC, Kraken will pay about $362,000, and “invest an additional $100,000 in certain sanctions compliance controls.” Cryptocurrencies and other digital assets have soared in popularity over recent years, saddling policymakers with monitoring risks in a largely unregulated sector. “Kraken is pleased to have resolved this matter, which we discovered, …