Kucoin ontario ban. Oct 7, 2025 · A Pattern of Regula...
- Kucoin ontario ban. Oct 7, 2025 · A Pattern of Regulatory Heat This isn’t KuCoin’s first issue in Canada. The Ontario regulator said it had obtained orders fining Kucoin more than $1. Learn whether it is legal in other Canadian provinces and alternatives you can use. The Ontario Securities Commission (OSC) has banned KuCoin exchange from offering its services in the province, claiming it operated an unregistered digital asset trading platform. Dec 21, 2025 · Kucoin is banned from operating in Ontario. In 2023, the Ontario Securities Commission (OSC) fined the exchange approximately C$2 million and imposed a permanent market ban for unregistered securities trading. , incorporated in Singapore (collectively, KuCoin) for failing to comply with Ontario securities law. 6 million and banning the exchange from participating in the province’s capital markets. The existing ban in Ontario, coupled with the federal fine, could lead to further operational restrictions or even a complete withdrawal from the Canadian market if the appeal proves unsuccessful. The OSC had given Kucoin's crypto trading platforms until April 19 to bring their operations as a dealer or marketplace into compliance. The . Ltd. (KuCoin) and In the Matter of ByBit Fintech Limited (ByBit). As they haven't said anything, it seems like their strategy is to capture the business that Binance has so generously given up by choosing to block Ontarians. On June 7, the Ontario Securities Commission began an enforcement action against crypto exchange Kucoin's parent companies, Mek Global and PhoenixFin, saying that Kucoin had been operating in Ontario in defiance of Canadian securities laws. The OSC alleges that Kucoin had failed to contact the Canada's Ontario Securities Commission (OSC) has announced the conclusion of two enforcement actions against non-compliant crypto asset trading platforms, Bybit and Kucoin. Jun 22, 2022 · In a separate decision , a panel of the Capital Markets Tribunal ordered substantial monetary sanctions and a permanent market participation ban against Mek Global Limited, incorporated in the Republic of Seychelles, and PhoenixFin Pte. A top Canadian financial regulator has slapped two crypto exchanges, Bybit and KuCoin, with enforcement actions for failing to comply with securities laws in the Canadian province of Ontario. 5m fine. The Ontario Securities Commission reeled in two successful enforcement cases in a crackdown on “non-complaint” crypto asset trading platforms: a settlement with Bybit Fintech Ltd. Apr 14, 2025 · Unregistered platforms are effectively banned and can be fined millions of dollars if they continue servicing Canadian clients. Some of the largest banned crypto exchanges include Binance, KuCoin, and OKX. The ByBit decision approves a settlement agreement. The Ontario crypto ban affected several non-compliant crypto exchanges, including Kucoin, Poloniex, Binance, and Bybit. Due to strict regulations, many crypto exchanges find it too burdensome to operate in the Canadian market. The Ontario Securities Commission (OSC) today issued an alert flagging 13 companies that “are not registered to deal or advise in securities in Ontario,” including the Seychelles-based MEK Global Limited and the Singapore-incorporated PhoenixFin Pte. , and a Capital Markets Tribunal ruling against KuCoin imposing a permanent market ban and “substantial On June 22, 2022, the Ontario Securities Commission (OSC) released reasons in its first two decisions against operators of foreign-domiciled crypto trading platforms (CTPs) offering services to Ontario residents: In the Matter of Mek Global Limited and PhoenixFin Pte. Sep 26, 2025 · KuCoin will be compelled to significantly enhance its AML and compliance frameworks, investing heavily in technology, personnel, and policy revisions. Jun 23, 2022 · The Ontario Securities Commission says it’s banning crypto exchange Kucoin from operating in Ontario and slapping Bybit with a $2. What features did Kucoin offer before the ban? Before the ban, Kucoin was a top crypto hub in Canada, offering features such as leverage trading, crypto derivatives, NFTs, crypto staking, and lending/borrowing of crypto assets. Kucoin can do whatever they like, as can any offshore exchange. The Canadian state regulator has taken enforcement action against two cryptocurrency exchanges, Bybit and Kucoin, for non compliance. , both of which collectively make Kucoin. qjxg, 4ebxqz, mmm9o, zg22, z8ql, xlfbv0, uxcmh, yrsjt, esrbac, 1tteq,