Market
What will be KuCoin's operational status in the U.S. by end of 2025?
2
Resolution / Starting Odds
Continues operations with license • 25%
Continues operations without license • 25%
Ceases operations • 25%
Other • 25%
Public announcements from KuCoin or U.S. regulatory bodies
Story
KuCoin Pleads Guilty to Unlicensed Money Transmission Charges, Agrees to $300 Million Settlement; Antonia Perez Hernandez Sentenced to 30 Months
Jan 27, 2025, 09:11 PM
KuCoin, a cryptocurrency exchange, has pleaded guilty to charges of operating an unlicensed money transmitting business in the Southern District of New York. The company agreed to pay nearly $300 million in fines and forfeitures as part of the settlement with the U.S. Department of Justice. This development is part of a broader legal scrutiny that began in March 2024, where the DOJ alleged that KuCoin facilitated the movement of approximately $4 billion in illicit funds. In a separate case, Antonia Perez Hernandez, a senior promoter of the Forcount Ponzi scheme, was sentenced to 30 months in prison for her role in defrauding investors of $8.4 million between 2017 and 2021. The sentencing was presided over by U.S. District Judge Analisa Torres.
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Regulatory changes • 25%
Other • 25%
New partnerships • 25%
Market demand • 25%
Coinbase • 25%
Kraken • 25%
Other • 25%
Binance • 25%
Decreased market liquidity • 25%
Increased competition • 25%
No significant impact • 25%
Other • 25%
38 to 40 million • 25%
More than 45 million • 25%
40 to 45 million • 25%
Less than 38 million • 25%
Latin America • 25%
Asia • 25%
Europe • 25%
Africa • 25%
No U.S. expansion • 25%
Opens U.S. office • 25%
Partners with U.S. firm • 25%
Acquires U.S. company • 25%
Other • 25%
Obtains another broker license in Latin America • 25%
Obtains a new license in Asia • 25%
Obtains a new license in Europe • 25%
