KuCoin Expands in Australia with KuCard Launch and Regulatory Compliance
- Crypto trading platform KuCoin has launched the KuCard, a virtual debit card in Australia, enabling direct payments through Mastercard‘s network.
- The KuCard allows transactions using USDC, with support for 37 trading pairs involving the stablecoin at launch.
- KuCoin registered as a digital currency exchange with AUSTRAC in November, ensuring compliance and oversight in Australia.
- Research indicates that approximately 22% of Australians now hold digital assets, highlighting a growing market for crypto usage.
KuCoin is enhancing its presence in the Australian market by launching new products like the KuCard and securing regulatory compliance through AUSTRAC registration. This move aligns with the increasing adoption of digital assets among Australians, as evidenced by recent research findings.
With more than one-fifth of Australians holding digital assets, KuCoin’s strategic expansion aims to make crypto more accessible for everyday use while maintaining compliance standards. (Source)
