KuCoin, a cryptocurrency exchange, has agreed to pay $22 million to settle a lawsuit with the New York Attorney General's office for operating in New York without registration. As part of the settlement, KuCoin will cease servicing local users and ban New York residents from its platform. The exchange did not admit to Ethereum being a security, as alleged by the AG.
New York AG Secures $22 Million Settlement From #Kucoin for Unregistered Trading Activities ⬇️ #cryptonews https://t.co/QOBtKagp7T
🇺🇸 KuCoin will pay $22 million to settle a lawsuit accusing it of operating in New York without registration. The exchange has also committed to cease servicing local users. #BlockchainNews
New York AG Clinches Settlement From #Kucoin Over Registration Lapses #Crypto #Regulation https://t.co/74xfqqQKHJ
KuCoin is bailing on New York after agreeing to a $22 million settlement with the NY Attorney General's office—but didn't admit to Ethereum being a security, as the AG alleged. Click to read: https://t.co/brOTDCQlil
ICYMI: KuCoin settles with New York for $22 million and agrees to block users from state: Reuters https://t.co/mZj2A1eaBb
KuCoin is bailing on New York after agreeing to a $22 million settlement with the NY Attorney General's office—but didn't admit to Ethereum being a security, as the AG alleged. Click to read: https://t.co/boeWmE4j7x
New York AG Secures $22 Million Settlement From #Kucoin for Unregistered #Crypto Trading Activities https://t.co/74xfqqQKHJ
KuCoin Leaving New York After $22M NYAG Settlement—But Won't Call Ethereum a Security ► https://t.co/VGlI484cuH https://t.co/VGlI484cuH
📣 Latest News: Kucoin agrees to ban New York residents and pay $22 million in settlement #news #cryptonews #crypto
Kucoin agrees to ban New York residents and pay $22 million in settlement https://t.co/8ytjUbmteX
🇺🇸 KuCoin will pay $22 million to settle a lawsuit accusing it of operating in New York without registration. The exchange has also committed to cease servicing local users. #BlockchainNews