U.S. authorities fined Kraken exchange $1.25 million
Cryptocurrency exchange Kraken must pay a $1.25 million fine imposed by the GFTC. This is a publication from project cryptodefix. The regulator accused the company of servicing margin trades in digital assets without the proper license.
In addition to the fine, Kraken will have to "stop violating the law as charged." According to the CFTC, from June 2020 to July 2021, the exchange offered products to U.S. customers that violated a provision of the Futures Trading Act.