The legality of KuCoin depends on your location. Crypto regulations vary by country and KuCoin doesn't publicly disclose all regulations they follow. That said, KuCoin operates as a global cryptocurrency exchange and claims to adhere to the legal standards of the regions it serves.

KuCoin has implemented several security measures including two-factor authentication, encryption, and regular security audits to protect user assets and information. However, the platforms lack transparency on some aspects of security and hasn't undergone independent audits. Overall, it has a decent track record in terms of security despite some setbacks in the past.

What is the KuCoin controversy?

The KuCoin controversy primarily revolves around regulatory challenges and legal scrutiny in various jurisdictions. In March 2024, KuCoin faced legal charges in the U.S. for allegedly violating anti-money laundering laws. Among other issues, this highlights the complex regulatory environment crypto exchanges has to deal with on a regular basis.