KuCoin operator Peken Global Limited cannot cater to U.S. users on its platform unless it registers as a foreign board of trade. A federal court approved a CFTC consent order permanently barring KuCoin operator Peken Global Limited from allowing U.S. users on its platform unless it registers as a foreign board of trade. The order imposes a $500,000 civil penalty and follows KuCoin’s January 2025 guilty plea in a separate criminal case that resulted in nearly $297 million in penalties and forfei…
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