KuCoin Fights Back: $19M Fine Appeal

KuCoin is fighting back against a massive $19 million fine from Canadian regulators! Accused of failing to register as a money services business and lacking proper anti-money laundering systems, KuCoin is appealing the penalty in Federal Court, calling it excessive and punitive. With this fine representing the lion's share of Canadian penalties against crypto firms this year, and amidst similar legal battles in the US, the outcome of this case could set a major precedent for crypto regulation in Canada. Hosted on Acast. See acast.com/privacy for more information.