Ontario Securities Commission Slaps Bybit and KuCoin With Penalties

Unlike Bybit, KuCoin is implicated of being uncooperative with the OSC’s examination. As an outcome, the Seychelles-based exchange has actually been completely prohibited from taking part in Ontario’s capital markets. The OSC likewise struck the exchange with a C$ 2 million ($ 1.5 million) fine, along with almost C$ 100,000 ($ 77,000) in investigation-related expenses.