Cryptocurrency Q&A
Is KuCoin no longer available in the USA?
Is KuCoin no longer available in the USA?
Sara
Sun Jul 21 2024
|
5 answers
1083
I've recently been hearing rumors that KuCoin, a popular cryptocurrency exchange, is no longer accessible in the United States. Could you please clarify if this is true? I've been using KuCoin for quite some time to trade digital assets and I'm concerned about the potential impact this may have on my trading activities. If KuCoin is indeed unavailable in the USA, I'd like to understand the reasons behind this decision and any alternatives you may recommend for US-based traders. Thank you for your assistance in clarifying this matter.
5 answers
Claudio
Tue Jul 23 2024
The charges levied against them involve conspiracy to operate an unlicensed money transmitting business, a serious violation of financial regulations.
Was this helpful?
367
35
BlockchainBaroness
Tue Jul 23 2024
The co-founders of the cryptocurrency exchange, Chun Gan and Ke Tang, have faced legal scrutiny for alleged illegal activities.
Was this helpful?
61
32
TaekwondoMasterStrength
Mon Jul 22 2024
Additionally, they are accused of failing to maintain adequate records, a breach of anti-money laundering laws designed to prevent financial crimes.
Was this helpful?
333
97
Nicola
Mon Jul 22 2024
Despite these allegations, the cryptocurrency exchange service itself has not been shut down.
Was this helpful?
238
45
CryptoQueen
Mon Jul 22 2024
However, the service is no longer accessible to users within the United States, likely due to regulatory pressures and compliance concerns.
Was this helpful?
84
65
