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KuCoin pleads guilty in US to operating unlicensed money transmitting business

By Samuel Rubenfeld ( January 27, 2025, 22:55 GMT | Insight) -- The cryptocurrency exchange KuCoin pleaded guilty today to a US charge that it had operated as an unlicensed money transmitting business, agreeing to pay nearly $300 million in fines and forfeiture. In a statement on its website, KuCoin said it was pleased to reach the resolution with US authorities and wanted to reassure global users that operations “in other non-restrictive markets” remain unaffected.The cryptocurrency exchange KuCoin pleaded guilty today to a US charge that it had operated as an unlicensed money transmitting business, agreeing to pay nearly $300 million in fines and forfeiture....

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