According to Bloomberg, KuCoin operator Peken Global has agreed to pay $500,000 to settle civil charges from the CFTC and has pledged to block U.S. users from accessing the platform until proper registration is completed. Considering KuCoin previously pleaded guilty in a parallel criminal case and agreed to pay nearly $300 million in fines, the CFTC will no longer seek to recover approximately $110 million in trading fees generated during this period. Meanwhile, the CFTC has announced the dismissal of charges against three other related entities operating KuCoin (Mek Global Ltd., PhoenixFin PTE Ltd., and Flashdot Ltd.). https://(wublock123.com)/news/kucoin-operator-pays-500k-cftc-civil-settlement-58853