- KuCoin intends to extend its regulated presence in Australia by registering for further authorized services with AUSTRAC.
- It is a major step toward fortifying the platform’s compliance structure under one of the strongest regulatory frameworks in the world.
With the official registration of its subsidiary corporation as a Digital Currency Exchange (DCE) under AUSTRAC, KuCoin, a leading worldwide cryptocurrency platform founded on trust, today announced a significant regulatory milestone in Australia. With this registration, KuCoin is now subject to AUSTRAC’s monitoring for digital currency exchange services, which is a major step toward fortifying the platform’s compliance structure under one of the strongest regulatory frameworks in the world.
KuCoin intends to extend its regulated presence in Australia by registering for further authorized services with AUSTRAC as part of its larger compliance strategy. In order to put KuCoin’s cryptocurrency futures business under a regulated framework specifically designed for the Australian market, the platform has confirmed a cooperation with Echuca Trading, a financial services operator having an Australian Financial Services Licence (AFSL) granted by ASIC.
KuCoin now supports local currency on-ramps in tandem with its regulatory advancements, giving Australian consumers easier and more legal methods to obtain digital assets.
BC Wong, Global CEO of KuCoin, stated:
James Pinch, Australian Managing Director at KuCoin, added:
Established in 2017, KuCoin is a prominent worldwide cryptocurrency platform based on trust, catering to more than 40 million users in more than 200 nations and regions. The platform, which has a well-established reputation for dependability, uses state-of-the-art blockchain technology, strong liquidity solutions, and sophisticated user account security to provide a safe trading environment. Web3 wallets, spot and futures trading, institutional services, and payments are just a few of the more than 1,000 digital assets and solutions that KuCoin provides. Recognized as a “Top 50 Global Unicorn” by Hurun and one of the “Best Crypto Apps & Exchanges” by Forbes. Under the direction of CEO BC Wong, KuCoin is dedicated to security, compliance, and innovation and is certified in SOC 2 Type II, ISO 27001:2022, ISO 27701:2025, and CCSS. KuCoin’s industry-leading standards for protecting user funds are highlighted by the fact that it is the only prominent worldwide exchange to have obtained all four key security certifications.
Source: https://thenewscrypto.com/kucoin-secures-austrac-registration-to-strengthen-its-regulatory-footprint-in-australia/
