The Good Tech Companies - KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

Episode Date: September 25, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/kucoin-appeals-fintrac-decision-reaffirms-commitment-to-compliance. The company views this as a critical step toward achieving regulatory clarity and fair treatment for global digital asset platforms. The appeal process provides Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #kucoin, #chainwire, #press-release, #kucoin-announcement, #blockchain-development, #crypto-exchange, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. KuCoin has formally appealed a recent decision by the Director of the Financial Transactions and Reports Analysis Centre of Canada. The company views this as a critical step toward achieving regulatory clarity and fair treatment for global digital asset platforms. The appeal process provides KuCoin the opportunity to challenge the determination in a formal legal setting.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Ku-coin appeals FinTrack decision reaffirms commitment to compliance by Chainwire. Providenciales, Turks and Caecus Islands, September 25, 2025, Chainwire, Ku-coin, 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 Center of Canada, Fintrack, that upheld a notice of violation issued on March 31st, 2025, along with a significant monetary penalty. While the company respects regulatory compliance, Kukoin strongly disagrees with but 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. Kukoin has exercised its statutory right by appealing the decision before the Federal Court of Canada, citing both substantive and procedural grounds. Greater than Kukoin has always strived to work constructively with regulators worldwide, greater than said B.C. Wong, CEO of Kukoin. We disagree with this decision on both greater than substantive and procedural grounds, and we have pursued all available legal greater than avenues to ensure a fair outcome for Kukoin. As always, we remain fully greater than committed to transparent operations and compliance with all applicable laws. The

appeal process provides Kukoi 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. Kukoin 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. Kuko-in founded in 2017, Kukoin is a leading global crypto platform built on trust, serving over 40 million users across 200 plus 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. Kukoin offers access to 1,000 plus 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 and exchanges, and a top 50 global unicorn by Huron, Kukoin holds SOC2 type 2 and ISO 27,001 to 22 certifications and is committed to security, compliance, and innovation under the leadership of CEOBC Wong. Contact Kukoin Media Team Media at Kukoin.com. This story was

published as a press release by Chainwire under Hackernoon's business blogging program. Do your own research before making any financial decision. Thank you for listening to this Hackernoon story, read by artificial intelligence. Visit hackernoon.com to read, write, learn and publish.