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Kraken shutters Abu Dhabi office a year after gaining license

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.

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.