KuCoin Gains AUSTRAC Approval, Unlocks Enhanced Fiat Access for Australian Market

KuCoin, a leading global cryptocurrency exchange, has achieved a significant regulatory milestone by securing registration as a Digital Currency Exchange (DCE) under Australia's financial intelligence agency, AUSTRAC. This approval, announced on November 25, 2025, places KuCoin under formal oversight, requiring adherence to strict anti-money laundering (AML) and counter-terrorism financing (CTF) standards, including transparency, regular reporting, and robust internal controls.

The registration enables KuCoin to operate compliantly within Australia's rigorous regulatory framework, which is known for its high standards in digital asset oversight. As part of this effort, KuCoin has partnered with Echuca Trading, a financial services provider holding an Australian Financial Services Licence (AFSL) issued by ASIC. This collaboration brings KuCoin's futures business under a regulated structure tailored for the Australian market, a move few international exchanges have accomplished.

Concurrently, KuCoin has rolled out local fiat on-ramp support, addressing challenges Australian users face with bank restrictions on crypto transfers. This feature provides smoother, compliant pathways for converting fiat currency to digital assets, enhancing user experience and aligning with local expectations.

BC Wong, Global CEO of KuCoin, emphasized the importance of this step: "As a global platform built on trust, securing AUSTRAC registration is a key milestone in strengthening KuCoin's global compliance architecture. Australia maintains some of the highest standards for digital asset oversight, and our AUSTRAC registration reflects our long-term commitment to operating transparently and responsibly." James Pinch, Australian Managing Director, added that the focus is on "building trust through strong compliance foundations" to ensure Australians can engage with crypto confidently.

Founded in 2017, KuCoin serves over 40 million users across 200+ countries and offers access to 1,000+ digital assets. This regulatory achievement is part of KuCoin's broader strategy to deepen its presence in Australia, with plans to register additional designated services and reinforce its position as a compliant, long-term operator in one of the world's most closely watched crypto markets.