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The indictment, which includes charges against KuCoin's two founders, Chun Gan and Ke Tang, who are both citizens of China, further alleges that criminal organizations used the platform to launder ...
(Reuters) -Federal prosecutors in Manhattan on Tuesday charged KuCoin, one of the world's largest cryptocurrency exchanges, with violating U.S. anti-money laundering laws by failing to vet ...
The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
Kucoin was founded in 2017 by Chun Gan, Ke Tang, Michael Gan and Johnny Lyu, who is the current CEO. [1] Michael Gan was the first CEO of Kucoin. [citation needed] In November 2018, Kucoin raised $20 million in a series A funding round led by IDG Capital, Matrix Partners and Neo Global Capital.
Wash trading is a process, illegal in some jurisdictions, involving buyers and sellers being the same person or group, and may be used to manipulate the price of a cryptocurrency or inflate volume artificially. Exchanges with higher volumes can demand higher premiums from token issuers. [220]
Amid reports that the beleaguered founder of Terra blockchain Do Kwon moved 3,313 Bitcoin (CRYPTO: BTC) to two cryptocurrency exchanges outside South Korea just after an arrest warrant was issued ...
A cryptocurrency exchange can typically send cryptocurrency to a user's personal cryptocurrency wallet.Some can convert digital currency balances into anonymous prepaid cards which can be used to withdraw funds from ATMs worldwide [1] [2] while other digital currencies are backed by real-world commodities such as gold.
He has pledged 25% duties on goods from Canada and Mexico and 10% tariffs against China, citing the drug trade and illegal immigration as his reasons for doing so.