US CFTC charges Kucoin with operating illegal digital asset derivatives exchange
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FILE PHOTO: Representation of cryptocurrency is seen in front of a Kucoin logo in this illustration taken on February 9, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
WASHINGTON (Reuters) - The U.S. Commodity Futures Trading Commission on Tuesday said it had charged cryptocurrency exchange Kucoin with operating an illegal digital asset derivatives exchange.
In a statement, the CFTC said Kucoin had solicited and accepted orders for commodity futures, swaps and other commodity transactions without registering with the commission.
(Reporting by Katharine Jackson and David Ljunggren)
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