The DoJ claims the two founders conspired to grow KuCoin into one of the world’s largest crypto exchanges by breaking AML laws. The CFTC, in parallel, charged KuCoin with operating an illegal digital asset derivatives exchange.

KuCoin becomes the first global crypto exchange to re-enter India after offshore crypto exchanges were blocked in the country last year.

More crypto turmoil out of Nigeria today, with new charges of tax evasion filed against Binance, just days after one of their two detained executives somehow managed to escape custody.

In the first two months of 2024, the volume of crypto transactions significantly rose. The Commodity Futures Trading Supervisory Agency meanwhile is preparing to transfer crypto oversight to the Financial Services Authority.

The exchange has ceased activities in the country, but that hasn't stopped the government, which has detained two Binance executives for over three weeks already.

The Securities and Futures Commission added 11 products offered by the exchange to its suspicious investment products list and accused Bybit of conducting regulated activity without a license.

Despite recent technical issues, the price of Coinbase shares continues to grow. Meanwhile, a Judge has given a default judgment in support of the SEC in the ongoing insider trading case.

This move follows the country’s decision to ban several crypto exchange websites amid the rapid devaluation of the naira.