Altcoins News

Story: KuCoin Pays $500K Fine as Federal Court Backs CFTC Settlement

By Dan Saada

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Dubai Regulators Join the Fight. KuCoin's troubles didn't stop at American borders. Dubai's crypto regulator issued a public…

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Part of Bigger Crackdown Wave. The settlement fits into Washington's broader campaign against unregistered crypto exchanges that…

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KuCoin just got hit hard. A federal judge approved a half-million-dollar settlement between the Commodity Futures Trading Commission and Peken Global Limited, the crypto…

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The U.S. District Court for the Southern District of New York entered the consent order against Peken Global this week. The order permanently stops the company from allowing U.S.

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KuCoin's troubles didn't stop at American borders. Dubai's crypto regulator issued a public warning about KuCoin earlier this month, saying the exchange might have offered…

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And KuCoin isn't talking much about it. Reached for comment about the Dubai warning, company representatives didn't respond.

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Kraken paid a $100 million fine to the U.S. Treasury Department in February 2026 for similar charges.

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The Financial Action Task Force issued updated guidance in January 2026 on virtual asset service providers, pushing for stricter compliance with anti-money laundering and…

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Singapore's Monetary Authority has also ramped up oversight, requiring exchanges to register and follow stringent anti-money laundering measures.

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KuCoin still maintains a significant presence in the crypto market though. The exchange offers a wide range of digital assets for trading, attracting users worldwide despite the…

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The Securities and Exchange Commission has been watching exchanges that operate without proper licenses too.

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Abu Dhabi Global Market's Financial Services Regulatory Authority announced an investigation into KuCoin's activities in the region back in March 2026.

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The $500,000 penalty might seem small compared to KuCoin's daily trading volumes, but the permanent prohibition on serving U.S.

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