PROVIDENCIALES, Turks and Caicos Islands, September twenty fifth, 2025, Chainwire
KuCoin, a number one world crypto platform constructed on belief, right now introduced that it has formally appealed a current choice by the Director of the Monetary Transactions and Studies Evaluation Centre of Canada (FINTRAC) that upheld a Discover of Violation issued on March 31, 2025, together with a major financial penalty.
Whereas the corporate respects regulatory compliance, KuCoin strongly disagrees with each the findings and the penalty. The change maintains that it shouldn’t be categorised as a Overseas Cash Companies Enterprise below Canadian legislation and considers the effective to be extreme and punitive.
KuCoin has exercised its statutory proper by interesting the choice earlier than the Federal Courtroom of Canada, citing each substantive and procedural grounds.
“KuCoin has all the time strived to work constructively with regulators worldwide,” mentioned BC Wong, CEO of KuCoin. “We disagree with this choice on each substantive and procedural grounds, and we have now pursued all obtainable authorized avenues to make sure a good final result for KuCoin. As all the time, we stay absolutely dedicated to clear operations and compliance with all relevant legal guidelines.”
The enchantment course of offers KuCoin the chance to problem the dedication in a proper authorized setting. The corporate views this as a vital step towards reaching regulatory readability and truthful remedy for world digital asset platforms.
KuCoin emphasised that customers will see no change within the firm’s dedication to their safety, transparency, and repair through the authorized proceedings. The corporate will proceed to safeguard person property, function in compliance with all relevant legal guidelines, and preserve its neighborhood knowledgeable all through the method.
About KuCoin
Based in 2017, KuCoin is a number one world crypto platform constructed on belief, serving over 40 million customers throughout 200+ nations and areas. With established recognition for its reliability, the platform leverages cutting-edge blockchain expertise, sturdy liquidity options, and superior person account protections to ship a safe buying and selling surroundings. KuCoin gives entry to 1,000+ digital property and options, together with Web3 pockets, Spot and Futures buying and selling, institutional companies, and funds. Acknowledged by Forbes as one of many “Greatest Crypto Apps & Exchanges” and a “Prime 50 International Unicorn” by Hurun, KuCoin holds SOC 2 Sort II and ISO 27001:2022 certifications and is dedicated to safety, compliance, and innovation below the management of CEO BC Wong.
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