Canada / Firms / KuCoin

KuCoin

KuCoin: not a registered crypto trading platform on the OSC list; FINTRAC penalty of C$19,552,000; Ontario case decided 21 Jun 2022.

Status

Enforcement, not registered · checked 21 Oct 2026
OSC list of crypto businesses, FINTRAC penalties and Ontario enforcement outcomes.

FINTRAC penalty

Peken Global Limited, also operating as KuCoin, a Seychelles-incorporated entity that was determined to be a foreign money services business operating in Canada, was imposed an administrative monetary penalty of $19,552,000 on July 28, 2025, for committing 3 violations. Peken Global Limited has appealed the penalty to the Federal Court. FINTRAC public notice official

Ontario enforcement

21 Jun 2022: Mek Global Limited and PhoenixFin Pte. Ltd. (collectively KuCoin). Capital Markets Tribunal (default decision): permanent bans from Ontario's capital markets, an administrative penalty of C$2,000,000 and costs of C$96,550.35, for trading without registration and distributing securities without a prospectus. Capital Markets Tribunal official

OSC list

KuCoin is not on the OSC's list of registered crypto asset trading platforms (page updated 15 Oct 2026). OSC crypto businesses official

Type

FINTRAC or tribunal action · major brand (Registration category or record type)

Public statement

Not applicable.

History

• 21 Jun 2022Capital Markets Tribunal (default decision): permanent bans from Ontario's capital markets, an administrative penalty of C$2,000,000 and costs of C$96,550.35, for trading without registration and distributing securities without a prospectus. — capitalmarketstribunal.ca official
• 28 Jul 2025FINTRAC administrative monetary penalty of C$19,552,000.00 on Peken Global Limited. — fintrac-canafe.canada.ca official

Read More

• 14 Crypto Platforms Are Registered in Canada. Binance, Bybit and OKX Are Not Among Them
• Cryptomus, KuCoin, Binance: C$203.1 Million in FINTRAC Crypto Penalties, and Ontario's Cases

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