LATEST: KuCoin Secures Key Approval to Expand in Australia

KuCoin has officially registered with Australia’s financial intelligence agency, AUSTRAC, clearing the way for the global crypto exchange to operate legally under local oversight. The move comes at a crucial moment as regulators intensify scrutiny of offshore trading platforms and push more digital assets under existing financial laws.

Regulators, including ASIC, have recently warned that many tokens, stablecoins and tokenized products may fall under the Corporations Act, meaning platforms could require proper licensing. KuCoin’s registration positions the exchange to meet these rising standards while strengthening its presence in one of the region’s fastest-growing crypto markets.

To enhance its services, KuCoin is partnering with ASIC-licensed Echuca Trading to bring regulated crypto futures to Australian users. The exchange has also launched new fiat on-ramp support, allowing easier deposits of local currency for buying and trading crypto. KuCoin says it plans to pursue additional approvals as it expands its regulated offerings across Australia.

Source

115.7K Reads