KuCoin operator barred from U.S. after CFTC order, following $297 Million DOJ case
The operator of cryptocurrency exchange KuCoin has been barred from operating in the U.S. following an order from the Commodity Futures Trading Commission (CFTC). This action comes after a separate case in which the Department of Justice (DOJ) imposed a $297 million penalty related to violations of U.S. laws. The CFTC's decision highlights ongoing regulatory scrutiny of cryptocurrency exchanges and their compliance with U.S. regulations. KuCoin has been instructed to cease all operations targeting U.S. customers as part of the enforcement actions.
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