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Home DeFi Metaverse

rewrite this title KuCoin Appeals FINTRAC Decision, Reaffirms Commitment to Compliance

Chainwire by Chainwire
September 25, 2025
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rewrite this title KuCoin Appeals FINTRAC Decision, Reaffirms Commitment to Compliance
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September 25, 2025

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Published: September 25, 2025 at 1:18 pm Updated: September 25, 2025 at 1:18 pm

To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment to Compliance

PROVIDENCIALES, Turks and Caicos Islands, September 25th, 2025, Chainwire

KuCoin, a leading global crypto platform built on trust, today announced that it has formally appealed a recent decision 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, along with a significant monetary penalty.

While the company respects regulatory compliance, KuCoin strongly disagrees with both the findings and the penalty. The exchange maintains that it should not be classified as a Foreign Money Services Business under Canadian law and considers the fine to be excessive and punitive.

KuCoin has exercised its statutory right by appealing the decision before the Federal Court of Canada, citing both substantive and procedural grounds.

“KuCoin has always strived to work constructively with regulators worldwide,” said BC Wong, CEO of KuCoin. “We disagree with this decision on both substantive and procedural grounds, and we have pursued all available legal avenues to ensure a fair outcome for KuCoin. As always, we remain fully committed to transparent operations and compliance with all applicable laws.”

The appeal process provides KuCoin the opportunity to challenge the determination in a formal legal setting. The company views this as a critical step toward achieving regulatory clarity and fair treatment for global digital asset platforms.

KuCoin emphasized that users will see no change in the company’s commitment to their security, transparency, and service during the legal proceedings. The company will continue to safeguard user assets, operate in compliance with all applicable laws, and keep its community informed throughout the process.

About KuCoin

Founded in 2017, KuCoin is a leading global crypto platform built on trust, serving over 40 million users across 200+ countries and regions. With established recognition for its reliability, the platform leverages cutting-edge blockchain technology, robust liquidity solutions, and advanced user account protections to deliver a secure trading environment. KuCoin offers access to 1,000+ digital assets and solutions, including Web3 wallet, Spot and Futures trading, institutional services, and payments. Recognized by Forbes as one of the “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 committed to security, compliance, and innovation under the leadership of CEO BC Wong.

Contact

KuCoin Media Team[email protected]

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author


Chainwire is the top blockchain and cryptocurrency newswire, distributing press releases, and maximizing crypto news coverage.

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Chainwire is the top blockchain and cryptocurrency newswire, distributing press releases, and maximizing crypto news coverage.

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