KuCoin plans to reenter South Korea after being blocked by regulations that targeted unregistered platforms. South Korean authorities ordered compliance from platforms like KuCoin and subsequently restricted access. KuCoin's CEO, BC Wong, indicated that the exchange is working towards achieving compliance in major jurisdictions, including the US, EU, China, and India, before focusing on South Korea. He noted a significant shift in regulatory attitudes, suggesting that increased restrictions could aim to consolidate the market for domestic exchanges. Wong also mentioned that KuCoin has begun discussions with local regulators to facilitate its compliance efforts. Additionally, Oliver Stauber, KuCoin's EU CEO, highlighted similar regulatory challenges in Europe, where different interpretations of the Markets in Crypto-Assets (MiCA) framework complicate operations. The mixed landscape of regulation reflects the broader goal of creating a level playing field in the crypto industry.

Source 🔗