The post KuCoin Joins Hands With A&O Shearman;  Platform Revamp Slated appeared on BitcoinEthereumNews.com.

To construct a safer and more trusted platform, KuCoin has extended its team by collaborating with key players like A&O Shearman, ELFi, and Venom. The charges of operating an illegal money-transmitting business and breaking the Bank Secrecy Act degraded KuCoin’s performance. To rebuild its status and fight a legal battle with the DOJ and CFTC, KuCoin has joined forces with A&O Shearman law firm.     KuCoin’s Partnership with A&O Shearman   KuCoin finally made up its mind to fight the legal battle with the DOJ and CFTC by partnering with A&O Shearman law firm. Response to lawsuits from the legislative bodies. Wu Blockchain took to X to uncover KuCoin’s plan to fight with the DoJ and CFTC.   KuCoin announced a partnership with A&O Shearman law firm to address the lawsuits from the DOJ and CFTC. KuCoin CEO Johnny stated that multiple rounds of communication have been conducted with the DOJ and CFTC. He remains optimistic and noted that KuCoin has restructured its… — Wu Blockchain (@WuBlockchain) May 28, 2024 Moreover, Johnny, the CEO of KuCoin responded to Wu Blockchain’s post and expressed gratitude. He pointed out that KuCoin is prioritising compliance, alongside products and innovation.  “The exchange is committed to building a safe and trusted platform for the users” He added.    KuCoin To Fight DOJ & CFTC According to KuCoin’s CEO, the platform attaches great importance to this lawsuit and is committed to working with regulators and policymakers. Throughout the investigation of the money laundering case, the exchange had multiple rounds of communication with the CFTC and DOJ.  However, due to judicial restrictions, the communication gap between the exchange and DOJ & CFTC somehow affected the investigation. To carry out a sincere discussion and achieve effective solutions for the user base.  The partnership with the A&O Shearman law firm would…

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Filed under: News - @ May 29, 2024 1:24 am