KuCoin Gains AUSTRAC Registration for Legal Operations in Australia
- KuCoin has obtained registration from AUSTRAC, allowing it to operate as a digital currency exchange in Australia.
- This registration permits KuCoin to offer fiat on-ramps and advanced crypto services under Australia’s regulatory framework.
- The registration was achieved through KuCoin’s Australian subsidiary, ensuring compliance with local regulations.
- Australia requires AUSTRAC registration for digital currency exchanges to comply with anti-money laundering and counter-terrorism financing laws.
- KuCoin has partnered with Echuca Trading, an AFSL-licensed financial services provider, to regulate its crypto futures business in the Australian market.
KuCoin’s registration with AUSTRAC enables it to legally operate as a digital currency exchange in Australia, offering enhanced services while complying with local regulatory requirements.
Source (3.2)https://cryptobriefing.com/kucoin-austrac-registration-australia/?rand=59535
