Is KuCoin legal in India? FIU-IND, TDS and P2P (Oct 2026)

Is KuCoin legal in India? Short answer

FIU-IND order 08/DIR/FIU-IND/2024 (22 March 2024) says Peken Global Limited, which operates KuCoin, is a Reporting Entity under the PMLA and records a penalty of Rs 34,50,000. KuCoin says it later registered with FIU-IND. India is not on KuCoin’s list of Restricted Locations. We checked on 25 October 2026 and make no legal ruling.

Question	What we found	Checked
FIU-IND order on KuCoin’s operator?	Yes, No. 08/DIR/FIU-IND/2024, Reporting Entity, penalty Rs 34,50,000	25 October 2026
KuCoin statement on FIU registration?	Yes; no registration number or date is given	25 October 2026
India in KuCoin’s Restricted Locations?	No (section 17(5), updated 29 September 2026)	25 October 2026
INR deposit?	P2P with INR support; direct INR deposit not offered in the source	25 October 2026

KuCoin and FIU-IND: what the order means

The order describes Peken Global Limited as a Reporting Entity under Section 2(1)(wa) and records the penalty for violations of Section 12(1) of the PMLA, 2002, read with Rule 7 of the PML Rules, 2005. A Reporting Entity is a firm that must follow India’s anti-money-laundering duties. That is supervision by FIU-IND. It is not a licence from the RBI and it does not protect your funds. Order 08/DIR/FIU-IND/2024 does not give a registration date, so we give none.

How to sign up on KuCoin from India with code CCHUB

1. Check KuCoin’s Terms of Use for your place of residence. Do not register from a location that is not yours.
2. Use KuCoin’s own sign-up page.
3. Enter CCHUB in the referral code field if KuCoin shows one. We have not verified that the field is filled in for you.
4. Complete the identity verification KuCoin asks for. We list no steps beyond what KuCoin’s pages state.

If the code did not work, stop and read KuCoin’s help pages before you deposit. Do not create a second account to try again. We state no reward amount.

INR on KuCoin: P2P only in our source

KuCoin’s FIU Q&A (last updated 16 December 2025) says KuCoin offers a P2P service that includes support for INR transactions, and asks users to stay tuned for updates on direct INR deposit services. The same page says there is currently no change in the service fees for Indian users. We give no fee figures because we have not verified KuCoin’s fee page.

TDS on KuCoin: 1% and 20% without PAN

Where	Buy	Sell
INR/Crypto market	No TDS	1%
Crypto/Crypto market	1%	1%
P2P market	No TDS	1%

Source: KuCoin’s India TDS page (last updated 9 January 2026). The page says a higher rate of 20% is imposed if both the KYC identification and the IP address are from India but PAN has not been provided to KuCoin. This is KuCoin’s description of its own deduction, not tax advice.

Crypto tax in India: 30% and 1% TDS

The Income Tax Department guide states that income from a virtual digital asset is taxed at 30% under section 115BBH, with no deduction other than the cost of acquisition and no set-off of losses. A 1% TDS under section 194S applies to a payment for a VDA to a resident, with thresholds of Rs. 50,000 for certain individuals and HUFs and Rs. 10,000 for others. Ask a qualified adviser about your case.

Where KuCoin is not available

KuCoin’s Terms of Use (section 17(5), updated 29 September 2026) list Restricted Locations such as the United States, Singapore, mainland China, Hong Kong, Malaysia, Kazakhstan, France and the Netherlands. India is not on that list on the date we checked, and KuCoin may change it at any time. See our KuCoin referral code page for the full list.

Other exchanges in India

FIU-IND orders describe Binance (10/DIR/FIU-IND/2024) and Bybit Fintech Limited (15/DIR/FIU-IND/2024) as Reporting Entities too. That is not a recommendation. Bitget says new India onboarding stopped on 6 February 2026, and OKX lists India as a Restricted Location. See How we verify.

What we have not verified

• A registration number or date for KuCoin with FIU-IND.
• KuCoin’s current spot fees, its sign-up flow in India and a reward amount for our code.
• Any change to KuCoin’s terms after 25 October 2026.