Share this article
KuCoin secured registration with AUSTRAC, Australia’s financial intelligence and regulatory agency, through its own Australian subsidiary, enabling the platform to legally operate digital currency exchange services in the country.
The registration allows KuCoin to introduce fiat on-ramps and expand crypto services for Australian users under local regulatory oversight.
Australia mandates AUSTRAC registration for digital currency exchanges to ensure compliance with anti-money laundering and counter-terrorism financing laws. The regulatory framework requires offshore crypto platforms to align with existing financial services regulations.
In addition to AUSTRAC registration, KuCoin has partnered with Echuca Trading, an AFSL-licensed financial services provider, to bring its crypto futures business under a regulated structure tailored to the Australian market.
These steps enhance accessibility for Australian users while maintaining compliance with local regulatory requirements.
Samsung Galaxy A36 for $400: With a higher price, you'd think the A36 would be…
Klarna, the global digital bank and payments provider, has launched klarnausd, marking its first entry…
Large BTC wallets surged by 91 as the smallest holders declined. Bitcoin (BTC) noted…
Startup Fleet Space announced yesterday that it used its satellite-powered AI system to expand the…
JPMorgan cut ties with Strike CEO Jack Mallers, who said that his advocacy of Bitcoin…
The rollout allows individuals to consolidate account information from multiple banks into a single application.…