The post KuCoin Pays $500K to Settle CFTC Charges appeared first on Coinpedia Fintech News
KuCoin.com will pay $500,000 to the CFTC to resolve a civil case over providing unregistered trading access to U.S. users. Operated by Peken Global, the exchange neither admitted nor denied wrongdoing in the settlement. As part of the resolution, KuCoin is now barred from serving U.S. customers unless it completes proper registration. The move highlights ongoing regulatory scrutiny in the crypto sector and underscores the importance of compliance for exchanges operating across borders.