CRYPTO EXCHANGE KUCOIN VIOLATED ANTI-MONEY LAUNDERING LAWS, U.S. CHARGES

Summary from the TLDR Crypto newsletter

US federal prosecutors have charged crypto exchange KuCoin and its founders with the alleged violation of anti-money laundering laws. The exchange reportedly operated in the US without running an anti-money laundering program or registering with US government entities. It is said to be involved in the money transmission business with over 30 million customers.