Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges

[Z-tight]

The u.s. going after another crypto exchange, this time it is KuCoin and who knows how much in settlement they are going to have to pay. The u.s. is accusing them of not registering customers and allowing illicit funds go through their exchange, and this has to be when KuCoin allowed customers to trade without kyc. I don't think KuCoin can win this case, so it will most likely end in a settlement so they can continue operating.

[Kemarit]

The u.s. going after another crypto exchange, this time it is KuCoin and who knows how much in settlement they are going to have to pay. The u.s. is accusing them of not registering customers and allowing illicit funds go through their exchange, and this has to be when KuCoin allowed customers to trade without kyc. I don't think KuCoin can win this case, so it will most likely end in a settlement so they can continue operating.

I think US is really targeting crypto exchange, we all know that it was Binance first and now Kucoin. They are really going into details or witch hunting in this case and so they found out about the no KYC policy and then just add up about their exchanges being used for illegal activities then according to the US, violates their law and so they might go now.

Not sure if Kucoin is going to fight it out or just leave US and it's customers. And then again, the one being affected here is US based customers but this is what their government is doing and so they don't have any options now or at least their options are getting small to trade crypto.

[Zed0X]

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Not sure if Kucoin is going to fight it out or just leave US and it's customers. And then again, the one being affected here is US based customers but this is what their government is doing and so they don't have any options now or at least their options are getting small to trade crypto.

They are probably looking at the cost of going to trial and the likelihood of losing the case but I think they will end up settling. Kucoin management is likely guilty of allowing US customers to trade in their exchange. I doubt that the prosecutors are going to pull the trigger without strong evidence.