Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Kraken is a United States–based cryptocurrency exchange and bank, founded in 2011. It was one of the first bitcoin exchanges to be listed on Bloomberg Terminal and is reportedly valued at $10.8 billion USD, as of mid-summer 2022.

 
 
 
 

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
Glob.Revenue, mln.USD
10
The Company Statement
November 20, 2022

US authorities suspected Kraken of violating sanctions. In February 2022, Powell rejected a proposal to block the accounts of all users from Russia without legal requirements. He emphasized his respect for the people of Ukraine, but explained his position with libertarian values. Kraken is the latest cryptocurrency exchange to restrict accounts of Russian users on its platform in compliance with sanctions from the European Union.Russian users would be able to withdraw their funds by request.

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Statements Archive
July 27, 2022Media: US authorities suspected Kraken of violating sanctions
March 28, 2022https://twitter.com/jespow
Demand to Leave Russia:Petition text has been copied to the clipboard.
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