Kraken shuts its US crypto-staking business, pays $30m in SEC settlement

Kraken shuts its US crypto-staking business, pays $30m in SEC settlement

FILE PHOTO: A representation of bitcoin is seen in an illustration picture taken on June 23, 2017. REUTERS/Benoit Tessier/File Photo

US-based crypto exchange Kraken has agreed to shut its crypto-staking business in the US, and pay $30 million to settle the Securities and Exchange Commission (SEC) charges over selling unregistered securities. 

Edited by: Padma Priya