The crypto exchange KuCoin will pay a $297 million penalty to the US government stemming from compliance violations. Peken Global Limited, the Seychelles-based company that operates KuCoin, has pled guilty to operating an unlicensed money-transmitting business, according to a new press release from the U.S. Attorney’s Office for the Southern District of New York. U.S. […]
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source: https://dailyhodl.com/2025/01/29/kucoin-agrees-to-pay-297000000-to-us-government-for-operating-unlicensed-money-transmitting-business/