KuCoin Settles for $300 Million Over Unlicensed Operations in the U.S.

Cryptocurrency exchange KuCoin has pled guilty to operating an unlicensed money-transmitting business in the United States and agreed to a $300 million settlement. As part of the agreement, KuCoin will exit the U.S. market for two years, allowing users to withdraw funds but prohibiting trading activities. The company aims to re-enter the U.S. market with proper licensing and has implemented compliance improvements.

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