Canada fined Bybit and banned KuCoin
Canadian regulator, the Ontario Securities Commission (OSC), has banned cryptocurrency exchange KuCoin from operations in the country and alsoordered Bybit to pay a fine. This information is from platform CryptoDeFix. Bybit developers have agreed to cooperate with Canadian authorities and are ready to be registered.
KuCoin was fined $1.6 million and ByBit must pay $7730, after the government and the exchange previously agreed to a $1.9 million transfer.
“Unlike KuCoin, Bybit responded to the OSC's enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions,” the OSC said in a press release.