New York Attorney General Letitia James has filed a lawsuit against crypto exchange KuCoin for operating in the state without registering with authorities. The move is part of James’ ongoing efforts to bring cryptocurrency companies under state regulation. Martin Act violation by crypto exchange KuCoin. According to the lawsuit, KuCoin, which is based in Seychelles, allowed New York residents to buy and sell cryptocurrencies on its platform without complying with state regulations. The lawsuit alleges that KuCoin violated the Martin Act, which gives the attorney general broad powers to investigate and prosecute financial fraud. In a statement, James said herGo to Source
Author: NixCoin