The move to close its Abu Dhabi office is likely part of Kraken’s wider cost-cutting measures that have seen it lay off most of its MENA team.

Coinbase fined $100M over KYC and AML failures

Coinbase says it will pay $50 million to tie up the investigation and the same amount again to bring its compliance programs up to standard.

Like Binance, Kraken likely skirted sanctions to serve customers in Iran

Given Kraken’s track record, it’s hardly surprising a US Treasury probe is expected to issue fines for sanctions evasion.

Caitlyn Long’s Custodia Bank has officially sued the Federal Reserve over a 19-month delay in deciding on its master account application.