United States of America: Lawsuit against KuCoin for allegedly failing to register in the State of New York
Progress
Current status
in force
12 Dec 2023 in force
09 Mar 2023 under deliberation
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
central government
Implementation Level
subnational
Timeline of events
Announced settlement in Attorney General lawsuit against KuCoin for allegedly failing to register in the State of New York
On 12 December 2023, the New York Attorney General (AG) announced it had reached a settlement in the lawsuit against KuCoin regarding violations of licensing requirements. KuCoin, a cryptocurrency trading platform, was operated by Mek Global Limited…
Event type
public lawsuit
Action type
ruling
Government branch
executive
Government body
other regulatory body
Announced lawsuit against KuCoin for allegedly failing to register in the State of New York
On 9 March 2023, the Office of the New York Attorney General (OAG) filed a lawsuit against KuCoin, a virtual currency trading platform, for failing to register as a securities and exchange broker-dealer and falsely representing itself as a crypto ex…
Event type
public lawsuit
Action type
announcement
Government branch
executive
Government body
central government