US Users Barred From KuCoin After $500K CFTC Settlement

In brief

• A U.S. has court barred KuCoin operator Peken Global from serving U.S. users without registration.
• The CFTC secured a $500,000 civil penalty in settlement, with the exchange required to exit the U.S. market for at least two years under a DOJ agreement.
• The order comes after the exchange…