PANews reported on September 25th that the cryptocurrency exchange KuCoin stated in its official blog: "KuCoin has received a decision from the Director of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which upholds the violation notice issued on March 31, 2025. While KuCoin respects the decision-making process and remains committed to regulatory compliance and transparency, KuCoin disagrees with the determination that it is a foreign money service business and the penalty imposed. KuCoin believes that the penalty is excessive and punitive in nature. KuCoin has exercised its legal rights and formally filed an appeal with the Federal Court of Canada on substantive and procedural grounds."

Earlier news, Canada's anti-money laundering agency fined KuCoin's parent company approximately US$14.09 million .