Illustration by Alex Castro / The Verge
Cryptocurrency exchange Kraken has agreed to pay $362,158.70 to settle with the Department of the Treasury over claims that the firm violated US sanctions against Iran. Kraken, which lets users buy, sell, hold, and trade cryptocurrency, is also required to invest an extra $100,000 in certain sanctions compliance controls.
As noted in the details of the settlement, Kraken allegedly processed 826 transactions totaling over $1.68 million on behalf of customers who may have been located in I...
