Home
/
Guides
/
KuCoin Restricted Countries

KuCoin Restricted Countries

Discover how KuCoin operates within international laws, offering cryptocurrency services globally with specific regional limitations.

Summary: KuCoin, a global cryptocurrency exchange, adheres to international regulations, offering services in over 200 countries but facing restrictions in regions like the USA, China, and Singapore due to financial regulations. Licensed in Malta and Seychelles, KuCoin navigates complex global regulations, ensuring legal compliance in digital asset trading.

KuCoin Available Countries
5.0 out of 5.0 by Datawallet
KuCoin, available in over 200 countries, navigates global financial regulations, ensuring compliance except in regions like the USA, China, and Singapore where it faces restrictions.
Licenses
VFA (Malta), FSA (Seychelles) and CIMA (Cayman Islands).
Available Assets
700+ Cryptocurrencies Supported.
Deposit Methods
Bank Transfers, Debit Card, Credit Card, Google Pay and more.

Content Guide
Daily Newsletter & Research  🗞️

Get the daily newsletter keeping 200,000 investors ahead of the market.

Your email been received!
Please double check your email address.

What Countries Does KuCoin Restrict?

KuCoin, a well-known global cryptocurrency exchange, enforces specific user restrictions based on regional financial regulations. Notably, users from the United States, mainland China, Hong Kong, Singapore, Thailand, Malaysia, and Ontario, Canada face certain limitations when using KuCoin's services. This policy is outlined in Article 17 (5) of their User Agreement.

Moreover, KuCoin adheres to international legal standards by restricting access for users residing in or registered in countries that are under sanctions by the Republic of Seychelles or other international laws and conventions which Seychelles is a part of. This includes adherence to various sanction lists, as indicated in Article 17 (6) of their User Agreement. 

It's crucial to recognize that KuCoin's restrictions are subject to change, reflecting their commitment to comply with evolving international laws and regulations, and ensuring a legally compliant trading environment for digital assets.

KuCoin Restricted Countries

What Countries Does KuCoin Support?

KuCoin offers its services to a broad international audience, encompassing over 200 countries. This extensive reach positions KuCoin as a key competitor to other major exchanges like Binance and Bybit, highlighting its dedication to facilitating digital asset trading on a global scale.

Despite its widespread accessibility, KuCoin does impose regulatory-based restrictions in certain regions. Notably, users in the United States, mainland China, Hong Kong, and Singapore are subject to specific limitations. In comparison to its peers in the cryptocurrency sector, KuCoin's list of restricted countries is relatively limited.

KuCoin Licenses and Regulation

KuCoin has achieved compliance in various jurisdictions through key licensing and registrations. These include:

  • Malta: Registered with the Malta Financial Services Authority (MFSA) as a Virtual Financial Asset (VFA) Service Provider, enabling operations within Malta's regulatory framework.
  • Seychelles: KuCoin holds a registration with the Financial Services Authority of Seychelles (FSA) as a Digital Asset Exchange (DAE), allowing it to provide global digital asset exchange services.
  • Malta As a Designated Non-Financial Institution (DNFI) with the Cayman Islands Monetary Authority (CIMA), KuCoin is authorized to offer digital asset services in the Cayman Islands.

However, KuCoin faces regulatory challenges in certain areas. The Dutch Central Bank (DNB) has warned KuCoin for operating without proper registration in the Netherlands, citing a violation of the Anti-Money Laundering and Terrorist Financing Act. Additionally, the UK Financial Conduct Authority included KuCoin on its warning list, requiring adherence to stringent financial promotion rules for UK-based consumers, reflecting the complexities of navigating varied global regulatory landscapes.

Does KuCoin Enforce KYC?

Yes, KuCoin enforces KYC (Know Your Customer) procedures in all supported countries. From August 31, 2023, new users must complete standard identity verification, involving identity document upload and face verification, to use KuCoin's services. Existing users who haven't completed KYC by this date will face limited service access.

About KuCoin

KuCoin is a leading cryptocurrency platform, notable for serving one in four crypto holders globally, with a presence in over 200 countries and 30 million users. The platform supports trading in over 700 digital assets and is known for its substantial daily trading volume of over $1.7B. KuCoin provides services, including spot trading, crypto derivatives, and leveraged tokens, along with user-centric features like a trading bot, margin trading, and the Halo Wallet. 

Prioritizing security, it employs advanced encryption and storage systems, alongside a Proof of Reserves (PoR) system for asset transparency. KuCoin's blend of extensive trading options and robust security measures makes it a preferred choice for a diverse range of investors.

Bottom Line

In summary, KuCoin is committed to global service and regulatory adherence, operating in over 200 countries with key licenses in jurisdictions including Malta and Seychelles. However, it faces regulatory challenges and restrictions in several countries like the USA and China. This reflects KuCoin's ongoing efforts to comply with international regulations in the ever-evolving cryptocurrency market. For users and investors, understanding these dynamics is essential for navigating the crypto exchange environment effectively.

Frequently Asked Questions

Got More Questions? We've Got Answers.
A Guide to Commonly Asked FAQs.

No items found.

Recent Guides

Explore the ease of bridging to Sei from Ethereum and Cosmos networks, utilizing the Sei Bridge for safe, efficient asset transfers with popular wallets.
How to Bridge to Sei

Explore the ease of bridging to Sei from Ethereum and Cosmos networks, utilizing the Sei Bridge for safe, efficient asset transfers with popular wallets.

April 18, 2024
Explore how Uniswap revolutionizes DeFi with its secure platform, continuous upgrades, and expansion into NFTs and multi-chain support.
What is Uniswap?

Explore how Uniswap revolutionizes DeFi with its secure platform, continuous upgrades, and expansion into NFTs and multi-chain support.

April 18, 2024
Discover the best crypto exchanges in Canada, ensuring a blend of exceptional security and rigorous regulatory compliance.
Best Crypto Exchanges in Canada

Discover the best crypto exchanges in Canada, ensuring a blend of exceptional security and rigorous regulatory compliance.

April 17, 2024