Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Fintech PR

KuCoin Announces Settlement with the DOJ, Ushering in a New Chapter of Compliance and Growth

Published

on

kucoin-announces-settlement-with-the-doj,-ushering-in-a-new-chapter-of-compliance-and-growth

VICTORIA, Seychelles, Jan. 28, 2025 /PRNewswire/ — KuCoin, a global cryptocurrency exchange, has reached settlements with the U.S. Department of Justice (DOJ), marking the start of a new chapter focused on compliance and strengthened global operations under its new CEO, BC Wong.

As part of the settlement, KuCoin has agreed to exit the U.S. market for a minimum of two years. This underscores KuCoin’s commitment to meeting regulatory standards and enhancing its compliance infrastructure to align with global expectations.

Resolutions have also been reached between DOJ and each of KuCoin’s founders, Chun Gan and Ke Tang, by which the DOJ has agreed to dismiss all charges against them upon their satisfaction of certain conditions. This outcome ensures a clean path forward for KuCoin and its new leadership.

A Renewed Commitment to Compliance

Over the past two years, KuCoin has made significant strides in compliance, implementing comprehensive Know Your Customer (KYC) requirements for all users and obtaining operating licenses in multiple jurisdictions. These actions reflect the company’s proactive efforts to establish itself as a compliant and accountable leader in the cryptocurrency industry.

The appointment of BC Wong as CEO reinforces this commitment. A Singaporean with a Juris Doctor degree, BC previously served as KuCoin’s Chief Legal Officer and played a pivotal role in shaping its compliance framework. His leadership underscores KuCoin’s focus on aligning its operations with the highest regulatory standards and strengthening its foundation for sustainable growth.

CEO’s Vision

BC Wong stated:

“This resolution signifies a new chapter for KuCoin, one that reaffirms our dedication to compliance, security, and innovation. While we are exiting the U.S. for the present, we are focusing on strengthening our global compliance practices and exploring opportunities to reenter the market with the necessary licenses.

KuCoin remains committed to supporting our global community, delivering innovative solutions, and driving the responsible adoption of cryptocurrency. Together, we will build a stronger, more secure future for all.”

Advertisement

Looking Ahead

With this resolution, KuCoin is poised to lead the cryptocurrency industry into a more compliant and innovative future. Under BC Wong’s leadership, the company will continue refining its operations and prioritizing cing compliance, ensuring it remains a reliable and secure platform for users worldwide.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 38 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

Photo – https://mma.prnewswire.com/media/2607096/KuCoin.jpg
Logo – https://mma.prnewswire.com/media/2356857/KuCoin_Horizontal_Green_LOGO_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/kucoin-announces-settlement-with-the-doj-ushering-in-a-new-chapter-of-compliance-and-growth-302361406.html

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

Longsys Highlighted Reliable Industrial and Automotive Storage Innovations at Embedded World 2025

Published

on

longsys-highlighted-reliable-industrial-and-automotive-storage-innovations-at-embedded-world-2025

NUREMBERG, Germany, March 14, 2025 /PRNewswire/ — Longsys (301308.SZ) successfully showcased its latest industrial and automotive storage solutions at Embedded World 2025 under the theme “Reliable Storage Empower the Industrial World.” The company highlighted its PTM (Product Technology Manufacturing) full-stack customization business model, demonstrating how its tailored storage solutions support industrial automation, smart manufacturing, and automotive applications.

Industrial-Grade Storage: High Performance & Reliability

At the event, Longsys unveiled its next-generation industrial storage solutions, including:

  • Industrial DDR5 DIMM – Supported ECC error correction, wide-temperature operation (-40°C to 85°C), and anti-sulfuration, ensuring reliability in industrial environments.
  • Industrial PCIe Gen4 SSD – Featured hardware PLP, anti-sulfuration, and LDPC error correction, delivering high-speed performance in AI-driven industrial applications.
  • 4TB Industrial SATA SSD – Offered pSLC technology, temperature control, and high endurance, designed for long-duration, high-load operations.

Flash + DRAM: Comprehensive Automotive Storage Solutions

Longsys also presented its comprehensive automotive storage portfolio, integrating automotive LPDDR4x, UFS, eMMC, and SPI NAND Flash. These products passed AEC-Q100 Grade 2/3 testing and are IATF 16949-certified, supporting applications such as ADAS, in-vehicle infotainment, and autonomous driving. Key highlights included:

  • Automotive LPDDR4x – Delivered 4266Mbps speed, ultra-low power consumption, and won Best-in-Show at electronica 2024.
  • XS400 Automotive Surveillance SSD – Supported 24-channel 1080p HD video recording, ideal for commercial fleet vehicles.

PTM Full-Stack Customization: Flexible Solutions for Automotive & Industrial Applications

Longsys’ PTM (Product Technology Manufacturing) full-stack customization business model provides tailor-made storage solutions for industrial and automotive applications.

  • Industrial Storage Customization – Addressing form factor limitations in automation, DPU intelligent networking, and industrial computing, Longsys offers custom SSD and DIMM configurations optimized for specific hardware structures, firmware, and environmental conditions.
  • Automotive Storage Customization – Supporting long product lifecycles and stringent automotive-grade requirements, Longsys operates its own in-house packaging and testing facilities to deliver highly reliable, application-specific automotive storage solutions.

With in-house manufacturing and testing centers in Suzhou, South America, and Zhongshan, Longsys ensured a stable, high-quality supply chain. Longsys continues to strengthen its presence in high-reliability storage solutions.

About Longsys

Founded in 1999, Longsys (301308.SZ) is a globally leading branded semiconductor memory enterprise, integrating R&D, design, packaging and testing, manufacturing, and sales services. Longsys upholds the corporate vision of “Everything for memory.” With memory technology innovation at its core, Longsys provides high-end, flexible, and efficient full-stack customized services to global customers. For more information please visit https://www.longsys.com/, and follow Longsys on LinkedInFacebook and Twitter.

Photo – https://mma.prnewswire.com/media/2641862/image.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/longsys-highlighted-reliable-industrial-and-automotive-storage-innovations-at-embedded-world-2025-302401892.html

Continue Reading

Fintech PR

Baron Evans of Sealand and PR Guru Paul Holmes to Lead Davos Communications Summit 2025 on April 10 in Switzerland

Published

on

baron-evans-of-sealand-and-pr-guru-paul-holmes-to-lead-davos-communications-summit-2025-on-april-10-in-switzerland

The former UK Labour Party General Secretary David Evans will reveal the key strategies behind multiple election victories – lessons that apply beyond politics

DAVOS, Switzerland, March 14, 2025 /PRNewswire/ — Two of the most influential voices in strategic communication – Baron Evans of Sealand and Paul Holmes, will take center stage at the Davos Communications Summit & Awards 2025 on April 10 at the Davos Congress Center. With decades of experience shaping communication victories, global PR trends, and corporate strategies, they will deliver game-changing insights into leadership, messaging, and what’s next in the AI era. Secure your seat now at wcfasummit.com.

 

 

Baron Evans of Sealand, member of the House of Lords, former UK Labour Party General Secretary, and Senior Advisor to the Washington DC based Progressive Policy Institute, will deliver a keynote speech on “Win ’24 – The Great Journey from Defeat to Victory,” offering key takeaways of his electoral success applicable to business, politics, and global communications. Joining him is Paul Holmes, founder of PRovoke Media and one of the most respected voices in public relations. His keynote, “AI and 2025 Trends in Public Communications“, will explore how AI is revolutionizing corporate messaging and brand engagement, shaping the next era of strategic communication.

“Successful communication isn’t just about delivering a message – it’s about understanding the people who need to hear it. Reconnecting with key parts of our voting coalition required more than just messaging – it demanded deep insight, a sharp strategic focus, and clear, consistent communication. At Davos Communications Summit 2025, I’ll break down the practical strategies behind this success and how they apply far beyond politics – to anyone looking to influence, engage, and lead effectively,” commented Baron Evans of Sealand.

The Davos Communications Summit & Awards 2025, hosted by the World Communications Forum Association (WCFA), will take place in Davos on April 9-11 and welcomes business and communication professionals to join for a two-day conference and gala dinner.

Among the distinguished speakers, representing Europe, North America, Africa and Asia, are also: Guntram Kaiser, Founder of KaiserCommunication GmbH, Stuart Bruce, PR Futurist & Co-Founder at Purposeful Relations, Catherine Hernandez-Blades, Independent Board Director, Chetna Krishna, Communications Officer at CERN, Iryna Zolotarevych, Advisor to the Minister of Social Policy of Ukraine, Kateryna Doroshevska, Founder & CEO, BECOME PR agency, Katja Fasink, CEO, key7 Communications, Kirsty Leighton, Founder & Group CEO at Milk & Honey PR; Laura Baxter, CEO of Castle Mount Media GmbH; Mary Beth West, Senior Strategist, Mike Southon, Entrepreneur Mentor, The Beermat Entrepreneur, Paul Holmes, Founder at PRovoke Media, Sanjiv Winayak, Senior Client Director/Head of AI at Milk & Honey, Sophie Reymond, Public Relations Consultant and Founder at SRPR, Syed Bukhari, Senior Manager Strategic Communications & Visibility at American University of Sharjah, Tatevik Simonian, Director Communications & International Relations, SPRING PR, Thabisile Phumo, Executive Vice President Stakeholder Relations at Sibanye-Stillwater, Viroslava Novosylna, CEO & Founder at SLOVA PR.

For the first time, the Davos Communications Awards Ceremony will be held in person during the Gala Dinner on April 10, recognizing excellence in public relations, corporate communications, and industry innovation worldwide. All communication experts, agencies and in-house teams are invited to submit their work at www.davosawards.com.

The Davos Communications Summit & Awards 2025 is in cooperation with the Public Relations and Communications Association (PRCA) and is proudly supported by The #PREthics Community as the gold sponsor and Brain 4 Strategy as the silver sponsor. The official media partner is PR Newswire, part of Cision Group Ltd.

Advertisement

About World Communications Forum:

Founded in 2010 in Davos, Switzerland, the World Communications Forum Association is a premier global platform for networking, knowledge exchange, and industry development, focused on upgrading its members’ expertise and to be an active voice in business, society and politics. WCFA’s flagship event, the World Communications Forum, has been hosted in major cities worldwide, including Istanbul, Prague, Moscow, New York City, Kuala Lumpur, Mumbai, Mexico City, Lusaka, Cape Town, and Geneva. In 2020, the association launched the Global Communications Summit on Zoom, bringing together over 450 global experts to establish the Tenets for Ethical Communications, endorsed by 135 industry leaders from 36 countries.

For more information, contact: 
Maxim Behar, WCFA President
mainoffice@wcfaglobal.com
+359 888 50 31 13
www.wcfaglobal.com

Photo: https://mma.prnewswire.com/media/2641849/WCFA.jpg
Logo:  https://mma.prnewswire.com/media/2633362/5216646/WCFA_Logo.jpg

 

WCFA Logo

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/baron-evans-of-sealand-and-pr-guru-paul-holmes-to-lead-davos-communications-summit-2025-on-april-10-in-switzerland-302401879.html

Continue Reading

Fintech PR

Opportunities in Volatility: Navigate Crypto Market Trends with KuCoin Trading Bots

Published

on

opportunities-in-volatility:-navigate-crypto-market-trends-with-kucoin-trading-bots

VICTORIA, Seychelles, March 14, 2025 /PRNewswire/ — KuCoin, a global leading cryptocurrency exchange, is excited to announce the release of its latest market trend and trading bot strategies report for March 2025. This detailed production is designed to empower traders by enhancing their understanding of the crypto market and refining their trading techniques.

This new report is set to support both novice and experienced traders by providing them with a detailed historical analysis of Bitcoin’s performance over the past 13 years, diving into the long-term trends and cyclicality of the market, enabling traders to enhance their understanding of the market landscape.

To help everyone to better keep up with the dynamics of the market, the report features a calendar of key events in March that are expected to impact the crypto markets. This report serves as learning materials with the purpose of information sharing, users are welcome to leverage the detailed information provided in the report  to personalize their own analysis and develop trading strategies that align with their individual trading habits and risk appetite.

This is a testament to KuCoin’s ongoing commitment to education and excellence in the crypto trading space. New users are also welcomed to join the latest Trading Bot Carnival to stand a chance of getting various types of rewards. Users are encouraged to read through risk warnings before proceeding to investing.

For a full report and access to the educational resources provided by KuCoin, please visit KuCoin Official Website.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/.

Disclaimer:  This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions or any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances.

(PRNewsfoto/KuCoin)

Photo – https://mma.prnewswire.com/media/2641783/image_5002362_28273886.jpg

Logo – https://mma.prnewswire.com/media/2641815/KuCoin_Horizontal_Green_LOGO_Logo.jpg

Advertisement

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/opportunities-in-volatility-navigate-crypto-market-trends-with-kucoin-trading-bots-302401870.html

Continue Reading
Advertisement
Advertisement European Gaming Congress 2024

Latest news

Trending