Kucoin agrees to a $ 300 million settlement, and KCS Tokeen Graages – What’s the following?
- summary:
- Kucoin settled a case of $ 300 million, while the distinctive code, KCS, sees price gains. Here is what it means to exchange and investors.
Kucoin, a large encrypted currency exchange, agreed to pay about $ 300 million of sanctions after recognizing the management of the transfer of unlicensed money in the United States. As part of the agreement, the stock exchange will temporarily withdraw from the American market for two years, allowing withdrawal while suspending trading activities for American customers.
Despite the legal setback, the original code of Kucoin (KCS) increased, reflecting the strong investor confidence and market flexibility.
KCS TOKEN PRICE Action – Bulls Recovering Control
The KCS/USDC chart shows a strong outbreak over $ 13.50, where the distinctive symbol is currently trading about $ 14.04. After unifying nearly $ 10 in mid -January, buyers intervened strongly, and paid prices to their highest levels.
The main levels of watching:
- Resistance: $ 15.00 – This output may lead to an increase of $ 18.00.
- Support: $ 12.50 – it can confirm the re -test and the contract.
What is the next for Cocoin?
The agreement refers to a decisive point for Cocoin, which must now deal with the task of rebuilding confidence while meeting strict regulatory standards. Its ability to re -create a presence in the United States will depend on the extent to which compliance strategies successfully implement the required licenses.
At the present time, merchants interact positively, however, the long -term effects are still unclear. Whether restructuring Cocoin will lead to continuous growth or no more organizational obstacles have been seen.
