CTFC Hits KuCoin With $500,000 Penalty, Bans Exchange From Allowing US Users To Trade on Platform
[ad_1] The Commodity Futures Trading Commission (CFTC) has levied a $500,000 penalty and restrictions against crypto exchange KuCoin’s operator, barring it from allowing US users to trade on its platform without proper registration. The CFTC says a federal court in the Southern District of New York entered a consent order against Peken Global Limited, the […]
PBOC Officially Bans ‘Unapproved’ Yuan-Pegged Stablecoins
[ad_1] The People’s Bank of China (PBOC), the country’s central bank, and seven Chinese regulatory agencies published a joint statement on Friday banning the unapproved issuance of Renminbi-pegged stablecoins and tokenized real-world assets (RWAs). The ban applies to both domestic and foreign stablecoin and tokenized RWA issuers, according to the statement, which was also signed […]