HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinKuCoin agrees to ban New York residents and pay $22 million in...

KuCoin agrees to ban New York residents and pay $22 million in settlement

KuCoin, a cryptocurrency exchange platform, has recently announced that users residing in New York will no longer be able to engage in trading activities on their platform. This decision will come into effect within the next 30 days, meaning that affected users will have limited time to make any necessary adjustments. Furthermore, KuCoin has also stated that the accounts of these users will be permanently closed within 120 days. This development may disrupt the trading activities of KuCoin users in New York and prompt them to seek alternative platforms to continue their cryptocurrency transactions.

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