KuCoin Emerges As First FIU-Compliant Global Crypto Exchange In India
KuCoin, a leading cryptocurrency exchange, has achieved a significant milestone by becoming the first global crypto exchange to be compliant with the Financial Intelligence Unit (FIU) in India
KuCoin, a leading cryptocurrency exchange, has achieved a significant milestone by becoming the first global crypto exchange to be compliant with the Financial Intelligence Unit (FIU) in India. This accomplishment comes amidst recent regulatory changes in the Indian cryptocurrency landscape. Moreover, it highlights KuCoin’s commitment to strengthening its position in key global markets.
In the press release , Johnny Lyu, CEO of KuCoin, emphasized the exchange’s dedication to user asset security. He stated, “KuCoin places utmost importance on user asset security. By successfully completing this registration in India, we are set to enhance the Indian users’ experience and reaffirm our dedication to compliance and security.”
Lyu also highlighted the importance of this milestone in advancing the conversation on crypto adoption in India, with a focus on user security and trading excellence. Furthermore, the KuCoin CEO expressed enthusiasm for supporting local innovation and boosting the sustainable development of India’s blockchain ecosystem through investment and educational initiatives.
