No Bullshit Bitcoin on Nostr: KuCoin to pay nearly $300 million fine and exit the US market for two years The ...
KuCoin to pay nearly $300 million fine and exit the US market for two years
The exchange has pleaded guilty to operating an unlicensed money transmitting business and will pay over $297 million in penalties. As part of the plea, KuCoin will exit the US market for at least two years, and founders Chun Gan and Ke Tang will depart the company.
Source: https://www.justice.gov/usao-sdny/pr/kucoin-pleads-guilty-unlicensed-money-transmission-charge-and-agrees-pay-penalties
The exchange has pleaded guilty to operating an unlicensed money transmitting business and will pay over $297 million in penalties. As part of the plea, KuCoin will exit the US market for at least two years, and founders Chun Gan and Ke Tang will depart the company.
Source: https://www.justice.gov/usao-sdny/pr/kucoin-pleads-guilty-unlicensed-money-transmission-charge-and-agrees-pay-penalties