Ontario Securities Commission Slaps Bybit and KuCoin With Enforcement Actions

Regulator in Canada Warns Crypto Exchanges Not to Promote Self-Custodial Wallets: Report

Unlike Bybit, KuCoin is accused of being uncooperative with the OSC’s investigation. As a result, the Seychelles-based exchange has been permanently banned from participating in Ontario’s capital markets. The OSC also hit the exchange with a C$2 million ($1.5 million) fine, as well as nearly C$100,000 ($77,000) in investigation-related costs.

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