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KuCoin's Parent Fined $500K, Avoids Profit Return

Published 1 day ago
Description

Peken Global Limited, KuCoins parent company, settles with CFTC for $500,000 penalty over unregistered offshore exchange. The deal, approved by the Southern District of New York, spares Peken from returning profits and admitting wrongdoing. KuCoin faces restrictions on US trading, signaling stricter regulation for offshore crypto platforms.

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