The post KuCoin Pays $22M to Settle NY Securities Charges! appeared first on Coinpedia Fintech News
KuCoin has agreed to pay a total of $22 million to settle charges of violating securities laws in New York. The exchange will refund $16.77 million to its New York customers and pay an additional $5.3 million to the Attorney General of New York. The settlement resolves allegations that KuCoin offered tokens, including ether, that meet the definition of a security without registering with the attorney general’s office. This is the latest in a series of crackdowns by U.S. Regulators on unregistered crypto offerings.
Source: https://coinpedia.org/crypto-live-news/kucoin-pays-22m-to-settle-ny-securities-charges/