With the completion of settlements with the US Department of Justice (Doj), CocoineThe exchange of global encoding, a new chapter focused on compliance and the most powerful global operations under the leadership of BC Wong, the new CEO of the company (CEO).
As a settlement condition, Kucoin agreed to withdraw from the market in the United States for at least two years. This highlights Cocoin’s dedication to fulfilling organizational requirements and improving the infrastructure of compliance in order to comply with expectations on a global scale.
Moreover, decisions were taken between the Ministry of Justice (Ministry of JusticeBoth are the founders of Cocoin, Chun Gan and Ki Tang. According to these decisions, the Ministry of Justice agreed to drop all charges against it, provided that specific requirements are met. The conclusion of this position ensures that Kucoin and its new leadership have a clear way forward.
Kucoin is one of the leading and most popular technological platforms that support digital economies. It was established in 2017, and is based on a solid foundation that includes the infrastructure of the hoops, liquidity solutions, and an amazing user experience. Kucoin provides full solutions to digital assets, including governor, trading, wealth management, payments, research, projects, and robots led by artificial intelligence. Its user base exceeds 38 million and continues to grow significantly.
A number of prizes were awarded to Kucoin, including the title “Best Applications and Pacifics” by Forbes and a place between “The Best 50 World Women” by Hurun in 2024. The company dedicates the principles centered on the user and the basic values are reflected, which include Integrity, responsibility, cooperation, and pursuit of excellence, in these confessions.
Renewed commitment to compliance
Crypto Exchang Kucoin has made great progress over the past two years. This includes the implementation of your SNEW SNEW procedures (KYC) for all users and the acquisition of operating licenses in a number of different countries. These steps are a reflection of the proactive efforts made by the company to promote itself as a leader in the cryptocurrency sector that supports integrity and accountability.
By appointing BC Wong to the position of CEO, this commitment was strengthened. BC is a Singaporean with a degree of jurisprudence. Before his current position, he was the chief legal official of Kucoin and had a fundamental role in developing the company’s compliance structure. Through its leadership, Kucoin can emphasize its commitment to align its operations with the highest regulatory requirements and improve its long -term development.
Vision CEO
BC WONG:
“This decision refers to a new chapter for Cocoin, which reaffirms our dedication to compliance, security and innovation. While we leave the United States at the present time, we focus on enhancing global compliance practices and exploring opportunities to re -enter the market with the necessary licenses. Kucoin is still committed to supporting our society The global, and the introduction of innovative solutions, and the leadership of the coded currency.
We look forward
With the implementation of this decision, Kucoin is in a position to direct it to direct the coded currency industry towards a more complicated and innovative future. In order to ensure that a trustworthy and safe platform for users around the world is still continuing, the company will continue to improve its operations and a higher priority for compliance while BC Wong is responsible for the company.
