US crypto exchange Kraken agrees to pay $360K+ to the Treasury Department to settle accusations of sanctions violations involving transactions by users in Iran (New York Times)

Kollen Post / The Block:
Crypto exchange Bittrex agrees to a $29.3M settlement with the US Treasury Department over potential liability for sanctions violations between 2014 and 2017  —  – Bittrex is facing record fines from the U.S. Treasury Department over the exchange’s lack of sanctions controls between 2014 and 2017.

Colin Wilhelm / The Block:
DC-based policy nonprofit Coin Center sues the US Treasury Department, saying the treasury overstepped its authority by sanctioning Tornado Cash in August 2022  —  – The D.C.-based policy nonprofit sued the Treasury Department, saying it overstepped its authority when it sanctioned transaction mixer Tornado Cash in August.

Vincent Manancourt / Politico:
Ireland’s DPC fines Instagram €405M for violating children’s privacy under GDPR, the second highest fine under the law and the third for a Meta-owned company  —  The Irish Data Protection Commission has fined Meta-owned social media platform Instagram €405 million for violations of the General Data Protection Regulation.

Danny Nelson / CoinDesk:
US crypto exchange Kraken plans to lay off 1,100 people, or 30% of its workforce, citing a need to “adapt to current market conditions”  —  The crypto exchange is laying off 1,100 people, sending its headcount back 12 months.  —  Crypto exchange Kraken said Wednesday …

Paresh Dave / Reuters:
A court filing from Epic’s lawsuit shows Google allegedly agreed to pay ~$360M over three years to keep Activision Blizzard from launching its own app store  —  Alphabet Inc’s (GOOGL.O) Google has struck at least 24 deals with big app developers to stop them from competing with its Play Store …

Brady Dale / Axios:
The US Treasury clarifies its guidance on Tornado Cash and provides a way for users to lawfully withdraw their funds by applying for a license  —  New guidance from the U.S. Treasury Department’s Office of Foreign Assets Control provides a roadmap for people who used Tornado Cash for lawful transactions to withdraw their stuck funds.