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. 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. This​ text is from site CryptoDeFix.

“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.