The post CFTC’s Declaration: Ethereum and Bitcoin Classified as Commodities in KuCoin Lawsuit appeared first on Coinpedia Fintech News
The Commodity Futures Trading Commission (CFTC) has taken legal action against KuCoin, a digital asset exchange, for allegedly violating the Commodity Exchange Act (CEA) and CFTC regulations. The lawsuit targets several companies collectively operating under the name KuCoin, accusing them of multiple violations related to commodity trading.
KuCoin Faces Legal Heat
KuCoin, a significant player in the cryptocurrency market, faces legal troubles initiated by the CFTC due to alleged violations of the Commodity Exchange Act. Accusations range from engaging in illegal commodity transactions to operating without proper registration. The charges are extensive, covering offenses such as off-exchange commodity futures transactions and failure to implement adequate KYC processes.
Exclusive: Three independent sources confirmed to WuBlockchan that
We współpracy z: https://coinpedia.org/news/cftcs-declaration-ethereum-and-bitcoin-classified-as-commodities-in-kucoin-lawsuit/
