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KuCoin Appeals FINTRAC Decision, Reaffirms Commitment to Compliance
KuCoin has exercised its statutory right by appealing the decision before the Federal Court of Canada , citing both substantive and procedural grounds.
said BC Wong, CEO of KuCoin.
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.
Founded in 2017, KuCoin is a leading global crypto platform 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 wallet, Spot and Futures trading, institutional services, and payments. Recognized 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 Wong.
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