(SeaPRwire) –   PROVIDENCIALES, Turks and Caicos Islands, April 3, 2026 — KuCoin, a top-tier global cryptocurrency platform founded on trust, has received an invitation to join a supervisory pilot program initiated by the Central Bank of Nigeria (CBN) aimed at Virtual Asset Service Providers (VASPs).

As the sole international exchange in the first group of invitees—which also comprises regional fintech and digital asset companies—KuCoin stands out. This program is intended to bolster supervision within the digital asset industry and mitigate financial crime dangers by improving compliance regarding Anti-Money Laundering (AML), Counter-Financing of Terrorism (CFT), and Counter-Proliferation Financing (CPF).

This pilot by the CBN contributes to the regulator’s wider mission to enhance the integrity of the financial system within Nigeria’s changing regulatory landscape, adhering to global benchmarks like those established by the Financial Action Task Force (FATF). Its goal is to improve regulatory insight into the business models, operational hazards, and compliance methods of virtual asset entities.

Throughout the pilot, participating organizations are expected to take part in organized regulatory discussions, provide regular supervisory reports, and show advancements in critical compliance sectors. These areas include governance, monitoring of transactions, screening for sanctions, and the application of the Travel Rule for international transfers.

“Building a sustainable digital asset ecosystem requires constructive regulatory dialogue,” stated BC Wong, CEO of KuCoin. “We see this program as a significant move toward boosting transparency, fortifying risk management, and promoting regulatory clarity in emerging markets. Being a global platform, KuCoin is dedicated to collaborating with regulators to foster responsible innovation and the industry’s long-term growth.”

KuCoin’s inclusion in the CBN pilot mirrors its extensive global compliance approach, which prioritizes conformity with shifting regulatory requirements in various jurisdictions. The firm intends to keep investing in compliance frameworks and risk management mechanisms to uphold a secure and dependable digital asset environment.

Additionally, the program underscores Nigeria’s transition to a more proactive involvement with the virtual asset sector, striking a balance between innovation and heightened regulatory supervision in one of the globe’s most rapidly expanding digital asset markets.

About KuCoin

Established in 2017, KuCoin is a premier global cryptocurrency platform grounded in trust and security, catering to more than 40 million users in over 200 countries and regions. Renowned for its dependability and user-centric philosophy, the platform integrates cutting-edge technology, profound liquidity, and robust security measures to ensure a smooth trading experience. KuCoin offers access to over 1,500 digital assets via a diverse range of products and a dedicated to creating transparent, compliant, and user-focused infrastructure for the financial future, supported by SOC 2 Type II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019 Certifications. Recently, we have established a solid global compliance base, highlighted by significant achievements such as AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory advancements in other regions.

Learn more at www.kucoin.com.

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