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Crypto trading platform, KuCoin, has become the first global crypto exchange to fully comply with India’s Financial Intelligence Unit (FIU) regulations.
This trailblazing move reinforces KuCoin’s ambition to expand its services in key global markets while adhering to evolving rules and laws.
With this groundbreaking FIU compliance in India, KuCoin has unveiled a comprehensive plan to better cater to its Indian users. This includes launching localized fiat payment options, investing in and supporting Indian blockchain startups, collaborating with regulators for a secure industry landscape, partnering with educational institutions to improve blockchain literacy, and establishing a dedicated local team.
KuCoin CEO Johnny Lyu expressed his enthusiasm, stating, “This milestone allows us to advance the conversation on crypto adoption in India, emphasizing user security and trading excellence. Additionally, it accelerates our investment and educational initiatives in India, aiming to stimulate industry growth and foster the blockchain landscape’s sustainable development.”
Also read: Ripple Unveils New Automated Trading System, Warns of Risks
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