KuCoin pleads guilty: Exec steps down over $297M fines
KuCoin pleads guilty: Exec steps down over $297M fines
In a significant enforcement action by U.S. regulators, the cryptocurrency exchange KuCoin entered a guilty plea on January 28 to accusations of running an unauthorized money transferring company. The corporation was fined a hefty $297 million and forced to withdraw from the U.S. market for two years after admitting to not putting in place necessary anti-money laundering (AML)...
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