PANews reported on November 25th that cryptocurrency exchange KuCoin has announced its registration as a Digital Currency Exchange (DCE) with the Australian Financial Intelligence Organisation (Australia), gaining the qualification to operate legally in the country. This registration brings KuCoin under formal regulation in Australia, meeting the increasingly stringent scrutiny requirements for offshore cryptocurrency platforms.

KuCoin has also partnered with Echuca Trading to offer regulated crypto futures products to Australian users and added fiat currency deposit support, making it easier for users to deposit and trade cryptocurrencies in their local currency. Previously, the Australian Securities and Investments Commission (ASIC) stated that many digital assets, including stablecoins and tokenized products, may require licenses to operate legally.

Previously, it was reported that KuCoin was accelerating its compliance process in Australia, establishing an office in Sydney and appointing a local managing director .