Canada fines KuCoin operator $14M for compliance failures
September 25, 2025, 3:04 PM
Canada's anti-money laundering agency has fined Peken Global Limited, the operator of the KuCoin cryptocurrency exchange, 19.6 million Canadian dollars ($14 million), Reuters reported. The penalty was imposed because the company failed to register as a foreign money services business and did not report cryptocurrency transactions exceeding 10,000 Canadian dollars.
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