United States of America: Public lawsuit against KuCoin for Allegedly Violating Bank Secrecy Act and Unlicensed Money Transmission Offences
Progress
Current status
under deliberation
26 Mar 2024 under deliberation
Scope
Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
court
Implementation Level
national
Timeline of events
Announced public lawsuit against KuCoin and Founders for Allegedly Violating Bank Secrecy Act and Unlicensed Money Transmission Offences
On 26 March 2024, the US Department of Justice announced a public lawsuit against the global cryptocurrency exchange platform KuCoin and two of its founders for operating an unlicensed money-transmitting business and violating the Bank Secrecy Act b…
SourceEvent type
public lawsuit
Action type
announcement
Government branch
executive
Government body
court