Tag: Peken Global

KuCoin’s Austrian MiCA Licence: Has Vienna Just Whitewashed a Repeat Offender?

CASP Charlene Lensburg -
Seychelles-born, Hong Kong-owned, U.S.–sanctioned KuCoin has just won one of Europe’s most coveted trophies: a MiCA CASP licence from Austria’s FMA via KuCoin EU Exchange GmbH. This licence gives KuCoin passported access to (almost) the entire EEA – despite a fresh U.S. criminal guilty plea for unlicensed money transmission and serious AML failures.

KuCoin Pleads Guilty: $297M Settlement and Management Changes in U.S. Crypto Crackdown!

Crypto Schemes Ben -
Seychelles-based KuCoin, one of the largest crypto exchanges globally, pleaded guilty in the U.S. to operating an unlicensed money transmitting business and agreed to pay $297 million in fines and forfeitures. The settlement highlights failures in anti-money laundering (AML) and compliance practices, forcing KuCoin to exit the U.S. market for two years.

The CFTC Complaint Against Chinese Crypto Exchange KuCoin Completes Enforcement Actions!

CFTC tamir -
As reported by FinTelegram, the U.S. Department of Justice (DOJ) has filed an indictment against the crypto exchange KuCoin and its Chinese founders, Chun Gan and Ke Tang. In a parallel action, the Commodity Futures Trading Commission (CFTC) has initiated a civil enforcement action against the crypto exchange and its operating entities Mek Global Limited, PhoenixFin PTE Ltd, Flashdot Limited, and Peken Global Limited.