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NY AG sues KuCoin for selling securities and commodities without registration

The complaint, filed on March 9 in the Supreme Court of the State Of New York County, alleges that Seychelles-based KuCoin violated securities law when it “sold, offered to sell, purchased and offered to purchase cryptocurrencies that are commodities and securities” to New Yorkers, without being registered with the attorney general’s office.

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Source: Cryptocurrency - investing.com

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