KuCoin secures AUSTRAC registration to operate as crypto exchange in Australia
KuCoin has obtained AUSTRAC registration, allowing it to legally operate as a digital currency exchange in Australia.Summary
KuCoin has successfully secured registration from AUSTRAC, Australia's financial intelligence and regulatory agency, via its Australian subsidiary. This registration permits the platform to legally offer digital currency exchange services in the country, including the introduction of fiat on-ramps and expanded crypto services under local regulatory oversight. Australia requires AUSTRAC registration for digital currency exchanges to ensure compliance with anti-money laundering and counter-terrorism financing laws. Furthermore, KuCoin has partnered with Echuca Trading, an AFSL-licensed provider, to structure its crypto futures business according to the Australian market's regulated framework, enhancing user accessibility while maintaining compliance.
(Source：Crypto Briefing)