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Crypto exchange KuCoin pleads guilty to US charges and agrees to pay $300 million: Bloomberg

Crypto exchange KuCoin pleads guilty to US charges and agrees to pay $300 million: Bloomberg

Crypto exchange KuCoin has pleaded guilty to U.S. criminal charges related to operating an unlicensed money-transmitting business and agreed to pay almost $300 million in fines and forfeitures, Bloomberg reported.KuCoin, doing business in part through Peken Global Ltd., entered its plea in a New Yor…

KuCoin pleads guilty, agrees to pay nearly $300 million in US crypto case

KuCoin pleads guilty, agrees to pay nearly $300 million in US crypto case

KuCoin, one of the world's largest cryptocurrency exchanges, pleaded guilty on Monday to operating an unlicensed money transmitting business, and agreed to more than $297 million in fines and forfeiture, the U.S. Department of Justice said.Peken Global Ltd, which operates as KuCoin, entered its …

KuCoin to Pay Nearly $300 Million for Operating an Unlicensed Money Transmitter in the U.S. — WSJ

KuCoin to Pay Nearly $300 Million for Operating an Unlicensed Money Transmitter in the U.S. — WSJ

By Mengqi SunCryptocurrency exchange KuCoin pleaded guilty in Manhattan federal court Monday and agreed to pay nearly $300 million to settle allegations it operated as an unlicensed money-transmitting business in the U.S.As part of the settlement, KuCoin has agreed to exit from the U.S. market for t…