KuCoin Appeals FINTRAC Decision, Reaffirms Commitment to Compliance
PROVIDENCIALES, Turks and Caicos Islands, September twenty fifth, 2025, Chainwire
KuCoin, a number one international crypto platform constructed on belief, at present introduced that it has formally appealed a latest choice by the Director of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) that upheld a Notice of Violation issued on March 31, 2025, together with a big financial penalty.
While the corporate respects regulatory compliance, KuCoin strongly disagrees with each the findings and the penalty. The change maintains that it shouldn’t be labeled as a Foreign Money Services Business underneath Canadian legislation and considers the fantastic to be extreme and punitive.
KuCoin has exercised its statutory proper by interesting the choice earlier than the Federal Court of Canada, citing each substantive and procedural grounds.
“KuCoin has at all times 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 out there authorized avenues to guarantee a good end result for KuCoin. As at all times, we stay totally 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 firm views this as a important step towards attaining regulatory readability and honest 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 in the course of the authorized proceedings. The firm will proceed to safeguard person belongings, function in compliance with all relevant legal guidelines, and preserve its neighborhood knowledgeable all through the method.
About KuCoin
Founded 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 belongings and options, together with Web3 pockets, Spot and Futures buying and selling, institutional companies, and funds. Recognized by Forbes as one of many “Best Crypto Apps & Exchanges” and a “Top 50 Global Unicorn” by Hurun, KuCoin holds SOC 2 Type II and ISO 27001:2022 certifications and is dedicated to safety, compliance, and innovation underneath the management of CEO BC Wong.
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KuCoin Media Team
media@kucoin.com
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