US federal prosecutors have charged crypto exchange KuCoin and its founders with the alleged violation of anti-money laundering laws. The exchange reportedly operated in the US without running an anti-money laundering program or registering with US government entities. It is said to be involved in the money transmission business with over 30 million customers.
Wednesday, March 27, 2024The CFTC’s complaint against KuCoin for illegal commodity transactions and failing to register refers to both Bitcoin and Ethereum as commodities.