Ontario Securities Commission Slaps Bybit and KuCoin with Enforcement Actions


Unlike Bybit, KuCoin is accused of not cooperating with the OSC investigation. As a result, the Seychelles-based exchange was permanently barred from participating in Ontario's capital markets. The OSC also hit the exchange with a C€2 million (€1.5 million) fine, along with almost C€100,000 (€77,000) in costs related to the investigation.