Tales and Opinions
September 25, 2025
Chainwire
Printed: September 25, 2025 at 1:18 pm Up to date: September 25, 2025 at 1:18 pm
PROVIDENCIALES, Turks and Caicos Islands, September twenty fifth, 2025, Chainwire
KuCoin, a number one international crypto platform constructed on belief, at the moment introduced that it has formally appealed a latest 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 big financial penalty.
Whereas the corporate respects regulatory compliance, KuCoin strongly disagrees with each the findings and the penalty. The trade maintains that it shouldn’t be categorized as a Overseas Cash Companies Enterprise below Canadian regulation 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 at all times strived to work constructively with regulators worldwide,” stated BC Wong, CEO of KuCoin. “We disagree with this choice on each substantive and procedural grounds, and we now have pursued all accessible authorized avenues to make sure a good consequence for KuCoin. As at all times, we stay totally dedicated to clear operations and compliance with all relevant legal guidelines.”
The enchantment course of gives KuCoin the chance to problem the willpower in a proper authorized setting. The corporate views this as a vital step towards attaining regulatory readability and truthful therapy for international 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 hold its neighborhood knowledgeable all through the method.
About KuCoin
Based in 2017, KuCoin is a number one international 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, strong liquidity options, and superior person account protections to ship a safe buying and selling setting. KuCoin affords 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 “Finest Crypto Apps & Exchanges” and a “High 50 World 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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Chainwire is the highest blockchain and cryptocurrency newswire, distributing press releases, and maximizing crypto information protection.
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