KuCoin slapped with $14M fine in Canada.
By Maxime Laurent · 2025-09-26 13:24
KuCoin slapped with $14M fine in Canada.
Regulators accused the exchange of operating without registration and failing proper AML/CTF controls.
The Canadian watchdog isn’t playing soft here: $14,000,000 for non-compliance is a strong message to all offshore-style exchanges still trying to serve Canadians without full paperwork. KuCoin, of course, isn’t taking it quietly — they’ve already appealed to the Federal Court, calling the fine “excessive.”
For me, this shows the tightening vise around global exchanges. The era of “launch first, deal with regulators later” is fading. Authorities want every platform handling customer funds to follow the same heavy rules as banks. KYC, AML, registrations, the whole kit.
What’s interesting is the contrast: while $BTC ETFs and institutional adoption grow, retail-facing exchanges like KuCoin are getting hammered if they don’t align with the system. It’s the duality of crypto today — one foot in Wall Street suits, the other still clashing with regulators over compliance.
C’est clair: the road ahead for exchanges is either adapt and become fully regulated, or risk being priced out of big markets.
#KuCoin #Canada #Regulation #AML #Exchanges
Regulators accused the exchange of operating without registration and failing proper AML/CTF controls.
The Canadian watchdog isn’t playing soft here: $14,000,000 for non-compliance is a strong message to all offshore-style exchanges still trying to serve Canadians without full paperwork. KuCoin, of course, isn’t taking it quietly — they’ve already appealed to the Federal Court, calling the fine “excessive.”
For me, this shows the tightening vise around global exchanges. The era of “launch first, deal with regulators later” is fading. Authorities want every platform handling customer funds to follow the same heavy rules as banks. KYC, AML, registrations, the whole kit.
What’s interesting is the contrast: while $BTC ETFs and institutional adoption grow, retail-facing exchanges like KuCoin are getting hammered if they don’t align with the system. It’s the duality of crypto today — one foot in Wall Street suits, the other still clashing with regulators over compliance.
C’est clair: the road ahead for exchanges is either adapt and become fully regulated, or risk being priced out of big markets.
#KuCoin #Canada #Regulation #AML #Exchanges
Disclaimer: This content is for informational purposes only and not financial advice.