Seychelles-based KuCoin cryptocurrency "exchange" banned in New York, fined $22m ...Middle East

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Seychelles-based KuCoin cryptocurrency exchange banned in New York, fined $22m
KuCoin has been forced to block customers in New York and pay a $22 million fine.The NY Attorney General took action against the firm for failing to register with the state before letting investors buy and sell cryptocurrencies on its platform. "Crypto companies should understand that they must play by the same rules as other financial institutions" The NY AG has previously taken action against crypto firms such as: Genesis Global, its parent company Digitial Currency Group and Gemini Hong Kong-based cryptocurrency exchange CoinEx ---Please note that a cryptocurrency "exchange" is a website. This article was written by Eamonn Sheridan at www.forexlive.com.

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