KuCoin's Parent Fined $500K, Avoids Profit Return
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Peken Global Limited, KuCoins parent company, settles with CFTC for $500,000 penalty over unregistered offshore exchange. The deal, approved by the Southern District of New York, spares Peken from returning profits and admitting wrongdoing. KuCoin faces restrictions on US trading, signaling stricter regulation for offshore crypto platforms.
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