KuCoin has been pressured to dam prospects in New York and pay a $22 million positive.
The NY Legal professional Common took motion in opposition to the agency for failing to register with the state earlier than letting buyers purchase and promote cryptocurrencies on its platform.
- “Crypto companies should understand that they must play by the same rules as other financial institutions”
The NY AG has beforehand taken motion in opposition to crypto companies resembling:
- Genesis World, its mother or father firm Digitial Forex Group and Gemini
- Hong Kong-based cryptocurrency trade CoinEx
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Please notice {that a} cryptocurrency “exchange” is a web site.
This text was written by Eamonn Sheridan at www.forexlive.com.
