KuCoin's Official Statement
KuCoin is pleased to announce that we have reached a resolution with the U.S. Department of Justice (DOJ), bringing clarity and closure to past matters. The resolution underscores KuCoin’s commitment to acting responsibly and operating with high compliance standards.
While resolving regulatory challenges in the U.S., we want to reassure our global users that our operations in other non-restrictive markets remain fully unaffected. KuCoin continues to deliver secure and innovative services worldwide, reflecting our dedication to growing as a leading cryptocurrency exchange.
Enhancing Compliance and Security
Over the past two years, KuCoin has made significant strides in strengthening its compliance framework and platform security. These initiatives include expanding our compliance team, acquiring licenses in key markets, and adopting rigorous security standards to safeguard user assets and enhance platform resilience.
These efforts highlight KuCoin’s unwavering commitment to continuous improvement, prioritizing user protection, and ensuring the integrity of our platform. Compliance remains a cornerstone of our mission to create a safer and more secure environment for all users.
Strengthening Regulatory Engagement
KuCoin has actively engaged with regulators worldwide to ensure its operations in a compliant manner. These efforts reflect our focus on fostering accountability, collaboration, and trust within the global financial ecosystem.
As regulations evolve, KuCoin remains committed to constructive engagement with authorities to uphold the highest standards of governance and responsibility, ensuring we stay ahead in the dynamic cryptocurrency industry.
Leadership and Commitment to Growth
Under the leadership of BC Wong, a Singaporean with extensive legal expertise and experience as KuCoin’s Chief Legal Officer, the company is well-positioned to navigate this new chapter. His deep understanding of global regulatory frameworks reinforces KuCoin’s commitment to compliance and responsible growth.
A Message to Our Users
We extend our heartfelt gratitude to our loyal customers for standing by us through challenging times. Your trust inspires us to innovate, improve, and build a platform that empowers your financial goals. Guided by our core values—Integrity, Innovation, User-First, and Security—we remain dedicated to providing secure, cutting-edge services that benefit users globally.
This resolution marks a pivotal milestone in KuCoin’s journey. As we move forward, we remain focused on fostering a more secure and sustainable financial future, driving innovation, and contributing to the responsible global adoption of cryptocurrency.
Thank you for being an integral part of the KuCoin community. Together, we will continue building a stronger and more resilient platform for the future of cryptocurrency.