Thu, August 20

KuCoin Secures ISO/IEC 42001 Certification for Responsible AI Governance

KuCoin Secures ISO/IEC 42001 Certification for Responsible AI Governance Market News
  • KuCoin has secured ISO/IEC 42001:2023 certification for its Artificial Intelligence Management System.
  • The certification adds AI governance to KuCoin’s existing security, reliability and business continuity standards.

KuCoin has secured ISO/IEC 42001:2023 certification for its Artificial Intelligence Management System (AIMS), marking a new step in the cryptocurrency exchange’s efforts to strengthen how artificial intelligence is managed across its global platform.

As AI becomes more common in financial services, exchanges are increasingly using the technology for areas such as fraud detection, anti-money laundering, risk management, market monitoring, customer support and operational processes. With these applications becoming more important, having clear rules around how AI is developed and used is also becoming essential.

KuCoin Strengthens Its AI Governance Framework

ISO/IEC 42001 is the first international standard specifically designed for managing artificial intelligence systems. The certification provides a structured framework for organizations to oversee AI responsibly, with a focus on accountability, transparency, risk management and ongoing improvement.

For KuCoin, the certification covers its AI management system and the organizational functions supporting it. The company said the framework is intended to help ensure that AI is deployed and monitored in a consistent and responsible way across its operations.

“AI is becoming a foundational capability of digital financial infrastructure, but greater capability must be matched by greater responsibility,” said BC Wong, CEO of KuCoin.

He added that the company believes the future of AI in the industry will depend not only on technological progress but also on building greater trust around its use.

The new certification also adds another layer to KuCoin’s existing security and operational standards. The exchange already holds ISO/IEC 27001 certification for information security, SOC 2 Type II attestation and ISO 22301 certification for business continuity.

With AI playing a growing role in digital finance, KuCoin’s latest certification reflects the broader push toward making these technologies more transparent, accountable and reliable.

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