The KuCoin cryptocurrency exchange has agreed to a settlement in which it will pay a $22 million fine and ban residents of New York state from its platform. The New York Attorney General sued KuCoin in March, alleging they had been serving New York customers despite not being registered in the state.KuCoin has admitted to allowing New Yorkers to trade securities and commodities on the platform, and representing themselves as an “exchange” without having registered as such.In addition to paying the fine, KuCoin has agreed to shut down all New Yorkers’ accounts in the coming months and prevent residents of the state from signing up for new accounts.