Crypto exchange Kraken under scrutiny for sale of unregistered securities- Bloomberg


FILE PHOTO Kraken cryptocurrency exchange logo is seen in this illustration taken July 28 2022. REUTERSDado RuvicIllustrationFile Photo

FILE PHOTO: Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Cryptocurrency exchange Kraken is under investigation by the U.S. Securities and Exchange Commission for the sale of unregistered securities, according to a Bloomberg report.

The regulator's inquiry is at an advanced stage and could result in a settlement with the San Francisco-based platform in the coming days, the report added.

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