U.S. bans crypto operator after Dubai cease and desist

Apr 2, 2026 7:59 PMPublished Apr 2, 2026 7:59 PM

It's shocking that KuCoin's operator pleaded guilty to running an unlicensed money transmitting business while serving 1.5 million U.S. users and raking in $184.5 million in fees, only to face a permanent ban years later. Does this expose a fundamental flaw in crypto regulation, or just a failure of enforcement?
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A U.S. court bars KuCoin operator Peken Global from serving U.S. users without registration.

www.thestreet.comU.S. bans crypto operator after Dubai cease and desistA U.S. court bars KuCoin operator Peken Global from serving U.S. users without registration.

Crypto Exchange Shutdown •KuCoin •Dubai

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