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The regulator has barred KuCoin from market participation in the province and has settled with Bybit, both accused of operating unregistered crypto trading platforms. The OSC successfully obtained orders permanently banning KuCoin from participating in Ontario’s capital markets and requiring KuCoin to pay an administrative penalty of CAD $2,000,000 and a further $96,550.35 towards the costs of the OSC’s investigation. The OSC obtained orders permanently banning KuCoin from participating in Ontario’s capital markets and requiring KuCoin to pay an administrative penalty of CAD The Ontario Securities Commission (OSC) has hit two foreign cryptocurrency exchanges with enforcement actions after finding they failed to comply with securities laws The release states the regulator’s successful actions against two exchanges, Bybit and KuCoin, for not complying with the securities law. JUST IN: KuCoin exchange has

Ontario Regulator OSC Bans KuCoin for Failing to Comply with Securities Law

The Ontario Securities Commission (OSC) has hit two foreign cryptocurrency exchanges with enforcement actions after finding they failed to comply with securities laws. JUST IN: KuCoin exchange has been banned in Ontario!

The regulator has barred KuCoin from market participation in the province and has settled with Bybit, both accused of operating unregistered crypto trading platforms. The release states the regulator’s successful actions against two exchanges, Bybit and KuCoin, for not complying with the securities law.

The OSC obtained orders permanently banning KuCoin from participating in Ontario’s capital markets and requiring KuCoin to pay an administrative penalty of CAD $2,000,000 and a further $96,550.35 towards the costs of the OSC’s investigation. The OSC successfully obtained orders permanently banning KuCoin from participating in Ontario’s capital markets and requiring KuCoin to pay an administrative penalty of CAD $2,000,000. Learn more about the implications of the OSC's action against KuCoin and what it means for crypto trading in Ontario.

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