Exchange of cryptocurrency Cocoine It will come out of the US market for at least two years after the PEKEN Global Limited company, based in the SEYHELLES, has adopted on Monday (January 27) for the operation of an unlicensed money transfer company.
PEKEN will also pay more than 297 million dollars, while two of its founders, Chun (Michael) GAN and Ke (Eric) Tang, will be overwhelmed by any role in the management or operations of Kucoin, US lawyer for the southern region of New YorkHe said on Monday press release.
American lawyer Daniel R. Sasson He said in the version that Cocoin avoided implementing anti -money laundering policies required for years.
“As a result, KuCoin was used to facilitate billions of dollars of suspicious transactions and transfer potential criminal revenues, including Darknet Markets, Malware, Ransomware and Sugres revenues,” Sasson said. “Acknowledging guilt today and its penalties shows the cost of refusing to follow these laws and allowing illegal activity to continue.”
in statement He published on Monday, Cocoin said that it was pleased to reach a decision in the case and that it made great progress in enhancing the framework of compliance and platform security over the past two years.
The statement said: “These initiatives include the expansion of our compliance team, the acquisition of licenses in the main markets, and the adoption of strict safety standards to protect the user’s assets and enhance the flexibility of the statute.”
Kucoin operations in other markets are still not affected by organizational challenges in the United States, and the company actively shares with organizers all over the world to work in a compatible manner, according to the statement.
The statement said: “With the development of regulations, Cocoin is still committed to constructive communication with the authorities to support the highest standards of governance and responsibility, which ensures that we remain in the forefront in the dynamic cryptocurrency industry.”
Cocoin will move forward under the leadership of the newly appointed CEO BC and WongWho played a major role in shaping the company’s compliance framework in its previous role for the chief legal official, the company said in a press release.
“While we get out of the United States at the present time, we focus on enhancing global compliance practices and exploring opportunities to re -enter the market with the necessary licenses,” Wong said in the statement.
The Cocoin case was part of the campaign of former President Joe Biden Ali Encryption On Monday, Bloomberg told one of these cases.
Now that President Donald Trump has become at the White House, the encryption industry is witnessing his first actions after he carried out the “first encryption president” in America, “said Pymnts on Monday.
