KuCoin Agrees to $500,000 Settlement Over Unregistered US Operations

The US District Court for the Southern District of New York has entered a consent order against the company that’s operating the popular cryptocurrency exchange KuCoin, called Peken Global Limited. The allegations were that it had allowed US participants to trade directly on its platform without having registered with the Commodity and Futures Trading Commission as a foreign board of trade. $500K Fine and All i…