Cryptocurrency Exchange Kucoin agrees to pay nearly 300 million US dollars to reconcile to operate currency transfer business allegations in the United States

Panews News on January 28th, the cryptocurrency exchange Kucoin pleaded guilty on Monday on Monday and agreed to pay nearly $ 300 million to settle allegations about its currency transfer business operations in the United States. As part of the settlement agreement, KUCOIN agreed to withdraw from the US market in the next two years. The company said its U.S. users can still withdraw funds, but they are banned from trading on the platform. The company's two co -founders Chun "Michaelgan and Ke" Eric "Tang acknowledged part of the currency transfer business that had no license. . They also agreed to each receive about $ 2.7 million and prohibited from holding their positions in Kucoin.