KuCoin Appeals $19M FINTRAC Penalty Over Compliance Violations in Canada

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KuCoin Appeals $19M FINTRAC Penalty Over Compliance Violations in Canada

KuCoin, one of the worlds largest cryptocurrency exchanges, is challenging a significant enforcement action brought by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The regulator imposed a record penalty of more than $19 million CAD ($14 million USD) against Seychelles-based Peken Global Limited, which operates as KuCoin, for allegedly failing to comply with Canadian financial regulations.

Article Details

Source
Tokenpost
Published
September 25, 2025 at 10:40 PM
Sentiment
🟢 positive
Type
Article
Category
altcoins
Topics
Regulation

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