#KuCoin faces the consequences of non-compliance ⬇️

The #Seychelles-based crypto exchange pleads #guilty to running an #unlicensed money-transmitting business, resulting in a $300M #settlement, including $113M in #fines and $184.5M in #forfeitures.

As its #founders step down under deferred prosecution agreements, the case highlights the growing regulatory scrutiny in the crypto industry and the urgent need for #transparency and proper licensing to operate in global #markets.

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