PROVIDENCIALES, Turks and Caicos Islands, April 3, 2026 /PRNewswire/ — KuCoin, a number one world crypto platform constructed on belief, has been invited to take part in a supervisory pilot programme launched by the Central Financial institution of Nigeria (CBN) focusing on Digital Asset Service Suppliers (VASPs).
KuCoin is the one world trade included within the preliminary cohort of invitees, which additionally options regional monetary expertise and digital asset corporations. The initiative is designed to strengthen oversight of the digital asset sector and tackle monetary crime dangers by enhanced Anti-Cash Laundering (AML), Counter-Financing of Terrorism (CFT), and Counter-Proliferation Financing (CPF) compliance.
The CBN pilot varieties a part of the regulator’s broader effort to strengthen monetary system integrity underneath Nigeria’s evolving regulatory framework, in alignment with worldwide requirements corresponding to these set by the Monetary Motion Process Power (FATF). It goals to deepen supervisory understanding of digital asset enterprise fashions, operational dangers, and compliance practices.
Beneath the pilot, taking part entities will have interaction in structured regulatory dialogue, submit periodic supervisory knowledge, and reveal progress throughout key compliance areas, together with governance, transaction monitoring, sanctions screening, and implementation of the Journey Rule for cross-border transactions.
“Constructive regulatory dialogue is important to constructing a sustainable digital asset ecosystem,” stated BC Wong, CEO of KuCoin. “We view this initiative as an necessary step towards enhancing transparency, strengthening danger administration, and advancing regulatory readability throughout rising markets. As a worldwide platform, KuCoin stays dedicated to working carefully with regulators to help accountable innovation and long-term trade improvement.”
KuCoin’s shortlisting and choice for participation within the CBN pilot displays its broader world compliance technique, which focuses on aligning with evolving regulatory expectations throughout jurisdictions. The corporate will proceed to spend money on compliance infrastructure and danger administration methods to help a trusted and resilient digital asset ecosystem.
The programme additionally highlights Nigeria’s shift towards extra proactive engagement with the digital asset sector, balancing innovation with elevated regulatory oversight in one of many world’s fastest-growing digital asset markets.
About KuCoin
Based in 2017, KuCoin is a number one world crypto platform constructed on belief and safety, serving over 40 million customers throughout 200+ nations and areas. Recognized for its reliability and user-first strategy, the platform combines superior expertise, deep liquidity, and powerful safety safeguards to ship a seamless buying and selling expertise. KuCoin gives entry to 1,500+ digital belongings by a broad product suite and stays dedicated to constructing clear, compliant, and user-centric digital asset infrastructure for the way forward for finance, backed by SOC 2 Sort II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019 Certifications. In recent times, we’ve constructed a robust world compliance basis, marked by key milestones together with AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in different markets.
Be taught extra at www.kucoin.com.