KuCoin has been selected for the Central Bank of Nigeria's virtual asset regulatory pilot program, and is the only global exchange among the pilot projects.

The Central Bank of Nigeria (CBN) recently launched a regulatory pilot program for Virtual Asset Service Providers (VASPs). The initial participants include several regional fintech and digital asset companies, with KuCoin being the only global exchange selected. The pilot focuses on anti-money laundering (AML), counter-terrorist financing (CFT), and counter-proliferation financing (CPF) compliance, aiming to strengthen risk management and regulatory capabilities in the digital asset industry and align with international standards such as the Financial Action Task Force (FATF). According to the program, participating institutions are required to conduct structured regulatory communications, submit regulatory data regularly, and advance compliance practices in key areas such as corporate governance, transaction monitoring, sanctions screening, and the "travel rule" for cross-border transactions. KuCoin CEO BC Wong stated that constructive regulatory dialogue is a crucial foundation for the long-term sustainable development of the digital asset industry, and the company will continue to strengthen communication and cooperation with global regulatory agencies to promote transparency and improve risk management capabilities.