The Commodity Futures Trading Commission (CFTC) has complained about the entities that own KuCoin. The allegation calls attention to the illegal transactions involved in off-exchange commodity futures activities. KuCoin is said to have been employed in soliciting and accepting orders of different commodity transactions without CFTC registration. This action highlights the intention of the regulatory body to ensure compliance in the digital asset area.
KuCoin allowed commodities trading as per CFTC. This operation made the exchange fall under the supervisory scope of CFTC. It required KuCoin to register with the commission and comply with all applicable regulations. The complaint requests relief, including disgorgement, civil penalties, and permanent trading and registration bans.
CFTC Classifies Ethereum and Litecoin as Commodities
The complaint of the CFTC against KuCoin is a milestone in the determination of digital assets’ classification. The CFTC’s complaint becomes an explicit

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