Cryptocurrency exchange KuCoin has previously had issues with the authorities of many countries. For instance, last summer, the Ontario Securities Commission (OSC) accused the company of failing to comply with Canada’s stock market control laws.
Now, the Netherlands has called on the leadership of the exchange to register in the country as soon as possible.
According to the Dutch central bank, despite the lack of registration, the platform continues to operate on the domestic market.
The regulator has reminded citizens that if the activities of KuCoin in the country are not controlled by the authorities, then they are not able to protect traders using the services of the exchange.
As a result, the exchange’s parent company, MEK Global Limited (MGL), must register with the local authorities.