Kucoin Financial News

Bitcoin (BTC) began the week trading in the red, below $70,000, after staying above that level most of the previous week. The cryptocurrency closed the first quarter of the year with gains of roughly 68%, driven in large part by spot bitcoin exchange-traded funds that amassed over $12 billion of net inflows since January.

CFTC Commissioner Caroline D. Pham issued a statement Friday seemingly criticizing her own agency for its latest “aggressive enforcement action” following the agency’s KuCoin charges, saying it might “infringe upon the SEC’s authority.”

KuCoin, a cryptocurrency exchange, has announced an airdrop of Bitcoin and its native KuCoin (KCS) token, totaling $10 million, to their loyal customers, despite recent US DOJ charges.

VanEck advisor Gabor Gurbacs expressed concerns on March 27 over the incompetence of modern-day crypto regulations and their negative effects on innovations.

A top U.S. prosecutor has announced criminal charges against a once ascending company in the cryptocurrency world and two of its founders in a bid to send a message to other players in the industry to follow U.S. laws

In the midst of criminal allegations and growing concerns over its reserves, the Seychelles-based cryptocurrency exchange KuCoin has received a vote of confidence from Ki Young Ju, the founder and CEO of crypto analytics service CryptoQuant. 

Crypto exchange KuCoin saw over $1 billion in outflows in the last 24 hours after the US prosecutors announced charges against the exchange and two of its founders, Chun Gan and Ke Tang, for violating anti-money laundering laws.

Crypto exchange KuCoin and two of its founders just got charged by US authorities for operating as an illegal exchange in the USA, as well as for failing to implement anti-money laundering protocols.

Global cryptocurrency exchange KuCoin and two of its founders have been indicted on criminal charges of operating without a license for transmitting money and failing to establish an anti-money laundering (AML) program in accordance with the Bank Secrecy Act (BSA).

Federal prosecutors have charged KuCoin and founders Chnu Gan and Ke Tang with conspiring to operate an unlicensed money transmitting business and conspiring to violate the Bank Secrecy Act by willfully failing to maintain an adequate AML programme.Founded in 2017, KuCoin is one of the world's biggest crypto exchanges, with more than 30 million customers and daily trading volumes in the billions of dollars.Despite soliciting business from US customers and being aware of their AML obligations in the country, Gan, Tang and KuCoin "willfully chose to flout" its requirements, says a newly unsealed indictment.The company did not require customers to provide any identifying information until July 2023 when it finally rolled out a KYC programme after being told about a federal criminal investigation into its activities, say authorities. Even then, the KYC programme only applied to new customers.KuCoin also never filed any required suspicious activity reports, never registered with the CFTC as a futures commission merchant, and, through at least the end of 2023, never registered with FinCEN as a money transmitting business.In fact, says the indictment, Gan, Tang and KuCoin "affirmatively attempted to conceal the existence of KuCoin’s US customers" in order to make it appear as if the exchange was exempt from US AML and KYC requirements.

Why is Bitgert dominating recent crypto news? What sets it apart and makes it a favorite among crypto investors? Let’s uncover the mystery behind Bitgert’s sudden rise in popularity.

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All the world merely watches and Bitgert will rise to the moon while making people on board millionaires. Yes! BRISE Meteoric rising in this crypto market while investors are mesmerized by the chart of BRISE. Bitgert rose 65% in just a month while investors onboarding the spaceship have predicted that BRISE will touch the moon once again and create history!

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Crypto.com has experienced a surge in its spot trading volume, surpassing major competitors Kraken and KuCoin.

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Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news.

Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news.

cryptocurrency exchanges and virtual digital asset service providers such as Binance, Kucoin, OKX, and others, were blocked in India on Friday. This comes after the government sent show-cause notices to these crypto exchanges for not complying with the country's money laundering laws. Earlier, on December 28 last year, show cause notices were sent to Binance, Kucoin, Bittrex, Bitstamp, MEXC Global, Houbi, Kraken, gate.io and Bitfinex for operating illegally in India. The notice was issued because these companies failed to comply with registration and local tax rules. As a result, the Finance Ministry directed the Ministry of Information Technology to block their URLs. On the development, Edul Patel, CEO of Mudrex, said, «In response to the FIU’s show cause notices to non-compliant crypto exchanges, we took proactive steps, advising investors to transfer their funds to compliant platforms. We are also providing dedicated support to ensure seamless fund transfers from other exchanges, upholding the highest safety and compliance standards.» «Indian investors should always aim to have their assets in the FIU compliant entities as it gives them a way for legal recourse against any fraudulent activity on their account,» Edul suggested.

web platforms of foreign cryptocurrency exchanges and virtual digital asset service providers such as Binance, Kucoin and OKX. The Android versions of these apps are also likely to be taken down as “orders to that effect have been passed already”, a senior government official said. On Wednesday, the ministry of electronics and information technology’s (MeitY) had asked Apple to remove offshore cryptocurrency apps from its store. The action follows inputs from the finance ministry’s Financial Intelligence Unit (FIU), which suggested that these platforms may have been used for money laundering, the official said. Also read | Threat of ban looms over offshore crypto platforms as govt weighs in

web platforms of foreign cryptocurrency exchanges and virtual digital asset service providers such as Binance, Kucoin and OKX. The Android versions of these apps are also likely to be taken down as “orders to that effect have been passed already”, a senior government official said. On Wednesday, the ministry of electronics and information technology’s (MeitY) had asked Apple to remove offshore cryptocurrency apps from its store.