KuCoin pleads guilty in US crypto case, agrees to pay nearly $300m

KuCoin pleads guilty in US crypto case, agrees to pay nearly $300m

FILE PHOTO: Representation of cryptocurrency is seen in front of a Kucoin logo in this illustration taken on February 9, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

KuCoin, one of the world’s largest cryptocurrency exchanges, pleaded guilty on Monday to operating an unlicensed money transmitting business, and agreed to more than $297 million in fines and forfeiture, the U.S. Department of Justice said.

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