KuCoin allegedly evaded U.S. regulations, DOJ files charges
The United States Department of Justice (DOJ) has charged cryptocurrency exchange KuCoin and its two founders, Chun Gan, and Ke Tang, with operating an unlicensed money-transmitting business and breaching the Bank Secrecy Act. Announced on Tuesday, the indictment asserts that KuCoin neglected to establish a sufficient anti-money laundering (AML) program, failed to verify customers’ identities…