Ontario Securities Commission flags Kucoin as Unregistered

The Ontario Securities Commission (OSC) flagged 13 crypto companies as unregistered.

Notably, the OSC flagged Seychelles-based MEK Global Limited and the Singapore-incorporated PhoenixFin Pte. Ltd., both of which collectively make Kucoin.

The OSC’s new warning against Kucoin is the second this month.

In June, the OSC successfully barred Kucoin from operating in Ontario. The OSC also slammed a $1.6 million fine on KuCoin for failing to register as a securities provider before the deadline of April 19, 2021.

Elsewhere, KuCoin is facing similar troubles. KuCoin’s website was last week blocked by South Korean authorities for operating without registration.

Leave a Reply

Your email address will not be published. Required fields are marked *