KuCoin Restricted Countries

What Countries Does KuCoin Restrict?

KuCoin restricts users from several countries due to local regulations and international sanctions. Currently, users from the United States, mainland China, Hong Kong, Singapore, Thailand, Malaysia, and Ontario, Canada face usage limitations. This is outlined in KuCoin's User Agreement under Article 17 (5).

In addition, KuCoin blocks users residing in countries subject to sanctions by the Republic of Seychelles or other international sanctions, as per Article 17 (6).

KuCoin regularly updates its restrictions to comply with evolving legal frameworks, ensuring the platform operates within global regulations.

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What Countries Does KuCoin Support?

KuCoin provides services to users in over 200 countries, with a significant presence across Asia. It is especially popular in countries like Japan, India, Vietnam, and others in the region. 

KuCoin’s broad reach makes it a top contender in the global crypto exchange market, competing with platforms like Binance and Bybit.

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KuCoin Licenses and Regulation

KuCoin operates in a regulatory grey area, with its main registrations in regions with looser regulatory oversight. It’s currently registered with the Seychelles Financial Services Authority (FSA) as a Digital Asset Exchange and the Cayman Islands Monetary Authority (CIMA) as a Designated Non-Financial Institution.

Despite these registrations, KuCoin has faced regulatory scrutiny. The Dutch Central Bank flagged the exchange for operating without proper registration, citing violations of Anti-Money Laundering laws. The UK Financial Conduct Authority also placed KuCoin on its warning list for non-compliance with local financial promotion rules.

These issues highlight the ongoing challenges KuCoin faces as it navigates the complex regulatory landscape across various jurisdictions.

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Does KuCoin Enforce KYC?

Yes, KuCoin requires KYC (Know Your Customer) verification for all users. As of August 31, 2023, new users must complete basic identity verification, which includes submitting identity documents and facial verification, before using KuCoin's services. Existing users who haven't completed KYC by this date face limitations on their account access.

This mandatory KYC ensures compliance with global regulations and enhances the platform's security.

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About KuCoin

KuCoin is a top global crypto exchange, serving 30 million users in 200+ countries with over 700 cryptocurrencies and daily trading volumes exceeding $650 million. It prioritizes security through encrypted storage and Proof of Reserves (PoR), ensuring all assets are fully backed. 

KuCoin also offers 24/7 support and tailored services for VIPs and institutions, including lower fees and exclusive events, making it a trusted platform for traders worldwide.

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Bottom Line

KuCoin restricts access in countries like the U.S., China, and Singapore to stay compliant with regulations. However, it serves over 200 countries, offering a wide range of assets and services. 

With mandatory KYC in place, KuCoin continues to focus on security and regulatory compliance, despite facing challenges in some markets. It's a strong option for traders, but always check restrictions in your country.