{"id":99884,"date":"2025-09-26T05:06:18","date_gmt":"2025-09-26T05:06:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=99884"},"modified":"2025-09-26T05:06:18","modified_gmt":"2025-09-26T05:06:18","slug":"kucoin-appeals-fintrac-decision-reaffirms-commitment-to-compliance","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=99884","title":{"rendered":"KuCoin Appeals FINTRAC Decision, Reaffirms Commitment to Compliance"},"content":{"rendered":"

[PRESS RELEASE \u2013 PROVIDENCIALES, Turks and Caicos Islands, September 25th, 2025]<\/strong><\/p>\n

KuCoin<\/a>, a leading global\u00a0crypto\u00a0platform 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.<\/p>\n

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.<\/p>\n

KuCoin has exercised its statutory right by appealing the decision before the Federal Court of Canada, citing both substantive and procedural grounds.<\/p>\n

\u201cKuCoin has always strived to work constructively with regulators worldwide,\u201d\u00a0said BC Wong, CEO of KuCoin.\u00a0\u201cWe 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.\u201d<\/p>\n

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\u00a0digital asset\u00a0platforms.<\/p>\n

KuCoin emphasized that users will see no change in the company\u2019s 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.<\/p>\n

About KuCoin<\/strong><\/p>\n

Founded in 2017, KuCoin<\/a> is a leading global\u00a0crypto\u00a0platform 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\u00a0wallet, Spot and Futures trading, institutional services, and payments. Recognized by Forbes as one of the \u201cBest\u00a0Crypto\u00a0Apps & Exchanges\u201d and a \u201cTop 50 Global Unicorn\u201d 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.<\/p>\n

The post KuCoin Appeals FINTRAC Decision, Reaffirms Commitment to Compliance<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 PROVIDENCIALES, Turks and Caicos Islands, September 25th, 2025] KuCoin, a leading global\u00a0crypto\u00a0platform 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 […]<\/p>\n","protected":false},"author":0,"featured_media":99885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-99884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99884"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=99884"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/99884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/99885"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}