Exec steps down over $297M fines
On Jan. 28, KuCoin pleaded guilty to a United States judge for failing to implement proper anti-money laundering protocols and will now have to pay $297 million in fines. The China-based cryptocurrency exchange KuCoin violated U.S. regulations on money laundering and know-your-customer procedures and admitted guilt to one charge of “running an unlicensed money transmitting […]
