Tag: KuCoin
KuCoin and Founders Charged for Violations of Bank Secrecy Act and Commodity Exchange Act
Cryptocurrency exchange KuCoin, along with its founders GAN and TANG, are facing criminal charges for breaching the Bank Secrecy Act and the Commodity Exchange Act. This follows an investigation by the Commodity Futures Trading Commission (CFTC), which filed a civil enforcement action against Mek Global Limited, PhoenixFin PTE Ltd., Flashdot Limited, and Peken Global Limited, collectively operating as KuCoin.
India Warns Nine Crypto Exchanges to Block Access or Face Action
India’s simmering tension with cryptocurrencies reached a boiling point as nine offshore exchanges, including Binance and KuCoin, received stern compliance notices on December 27th, 2023. The stark message: register with Indian authorities and comply with anti-money laundering (AML) and counter-financing of terrorism (CFT) regulations, or face immediate website blocking and potential legal action. This aggressive move signals a major escalation in India’s ongoing regulatory battle with the digital asset industry.
