KuCoin launches KuCard via Mastercard's global network to advance crypto payments in Australia

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KuCoin pivoting to APAC after the DOJ settlement chased them out of the US makes Australia a logical next move — Mastercard rails bypass the AU banks that de-banked Binance Australia and left Coinspot scrambling for FX partners. The economics on these cards come from the 1-3% crypto-to-AUD conversion spread at point of sale, not the interchange. AUSTRAC's comfort with a KuCoin entity post-US plea is what to watch, not the card integration itself.

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