KuCoin Wins AUSTRAC Nod, Launches Fiat On-Ramps in Australia

Published at 2025-11-25 07:15:33

KuCoin announced it has secured registration with AUSTRAC and is launching fiat on-ramps in Australia, effective immediately. The exchange says Australian customers will be able to fund accounts using local payment rails — including bank transfers and card options offered through partner providers — while subject to AUSTRAC-aligned KYC and AML checks.

The approval gives KuCoin formal footing in a tightly regulated market and could broaden access for Australian retail and institutional traders, potentially boosting liquidity on the platform. For users, the change simplifies fiat-to-crypto flows; for regulators and competitors, it underscores increased scrutiny and the continuing trend of major exchanges adapting operations to local compliance requirements.

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