Is KuCoin illegal in the UK?

Could you possibly clarify for me the legality of KuCoin in the United Kingdom? I've heard conflicting reports about whether or not it's permissible to use this cryptocurrency exchange within the country's borders. Could you please provide some insight into this matter? Are there any specific regulations or laws that govern the usage of KuCoin in the UK? If so, what are they, and how do they affect users? Additionally, are there any penalties or consequences for using KuCoin illegally in the UK? Thank you for your assistance in clarifying this matter for me.