KuCoin Eyes Return to South Korea, Launches $2B Trust Initiative
- KuCoin aims to re-enter South Korea after being blocked for non-compliance.
- CEO BC Wong prioritizes global regulatory compliance before reentry.
- A $2B Trust Project will focus on transparency, compliance, and user protection.
Global crypto exchange KuCoin signaled its intention to re-enter the South Korean market following a recent regulatory block of its platform there.
Announced at the TOKEN2049 event in Dubai on April 30th, the exchange is shifting focus towards regulatory compliance in major global jurisdictions and simultaneously launching a $2 billion “Trust Project” aimed at improving platform transparency and security.
South Korea Regulatory Block
On March 21, South Korea’s Financial Services Commission (FSC) directed Google Play and Apple’s App Store to block crypto exchanges operating without proper registration. Apple complied with the directive regarding KuCoin on April 11th, making the platform unavailable to South Korean users via the App Store. Google Play also reportedly took a similar action.
Despite the r…
The post KuCoin Eyes Return to South Korea, Launches $2B Trust Initiative appeared first on Coin Edition.
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KuCoin Eyes Return to South Korea, Launches $2B Trust Initiative
- KuCoin aims to re-enter South Korea after being blocked for non-compliance.
- CEO BC Wong prioritizes global regulatory compliance before reentry.
- A $2B Trust Project will focus on transparency, compliance, and user protection.
Global crypto exchange KuCoin signaled its intention to re-enter the South Korean market following a recent regulatory block of its platform there.
Announced at the TOKEN2049 event in Dubai on April 30th, the exchange is shifting focus towards regulatory compliance in major global jurisdictions and simultaneously launching a $2 billion “Trust Project” aimed at improving platform transparency and security.
South Korea Regulatory Block
On March 21, South Korea’s Financial Services Commission (FSC) directed Google Play and Apple’s App Store to block crypto exchanges operating without proper registration. Apple complied with the directive regarding KuCoin on April 11th, making the platform unavailable to South Korean users via the App Store. Google Play also reportedly took a similar action.
Despite the r…
The post KuCoin Eyes Return to South Korea, Launches $2B Trust Initiative appeared first on Coin Edition.
Read More
Asia Morning Briefing: Vitalik's Plan Can Bring ETH to $3,000 and Crypto 'More Popular' Than Stocks in Korea