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 ￰0￱ the company respects regulatory compliance, KuCoin strongly disagrees with both the findings and the ￰1￱ 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 ￰2￱ 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 ￰3￱ 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 ￰4￱ company views this as a critical step toward achieving regulatory clarity and fair treatment for global digital asset ￰5￱ emphasized that users will see no change in the company’s commitment to their security, transparency, and service during the legal ￰6￱ company will continue to safeguard user assets, operate in compliance with all applicable laws, and keep its community informed throughout the ￰7￱ KuCoin Founded in 2017, KuCoin is a leading global crypto platform built on trust, serving over 40 million users across 200+ countries and ￰8￱ 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 ￰9￱ offers access to 1,000+ digital assets and solutions, including Web3 wallet, Spot and Futures trading, institutional services, and ￰10￱ 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 ￰11￱ KuCoin Media Team media@kucoin.

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