The post KuCoin Appeals FINTRAC Decision, Reaffirms Commitment to Compliance appeared on BitcoinEthereumNews.com.

Press Releases are sponsored content and not a part of Finbold’s editorial content. For a full disclaimer, please . Crypto assets/products can be highly risky. Never invest unless you’re prepared to lose all the money you invest. 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…

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Filed under: News - @ September 25, 2025 5:30 pm