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) safeguards. The Southern District of New York U.S. Attorney's Offi...

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