Cryptocurrency Alternate Kucoin’s CEO BC Wong shared many important information about Kucoin’s future plans in an interview held at the Tokeen2049 event held in Dubai. In his interview, he told that Kucoin is preparing to return to South Korea and for this he is constantly in touch with the local authority. Significantly, in March 2025, South Korea Banned 17 Crypto Alternate Apps like Kucoin, Mexc Was, because this application was not registered in South Korea.
Kucoin’s Focus on Republic of India
In its interview, Wong said that before returning to South Korea, Kucoin’s focus is on a large market like Republic of India, United States, Ecu Union, China and Australia. He said that Kucoin will work on increasing its presence in all these markets one by one. However, Kucoin is currently facing regulatory problems in many markets. Giving an example of EU’s MICA in this case, he said that its purpose was to provide level playing field but it has made more complex to work in Europe. According to him, the focus of regulations being made by countries is to promote local crypto exchange companies instead of making the path of crypto adoptation easy.
Is it prison in Republic of India Kucoin
Initially, the Indian Financial Intelligence Unit (FIU) banned Kucoin for not following the guideline. But later the ban was lifted after the reforms made by Kucoin and submission of penalty and currently Kucoin is registered as virtual asset service provider in India. It is clear that Kucoin is completely prison in Republic of India.
What is token2049
Token2049 is a major global crypto and web3 event held every year in Dubai and Singapore. This event brings leaders, investors, developers and global media on a platform where they Cryptocurrency Let’s discuss the future directions. This event offers all stakeholders associated with the Crypto Market to join themselves and brings the import developments in the global crypto ecosystem to the world.
Conclusion
Kucoin is once again taking a strong step towards its global expansion. The focus on Republic of India and other major markets, preparations for return to South Korea and Regulatory Changes, clearly show that Kucoin wants to become a long-term player, not just a trading platform, not just a trading platform. In a large event like Token2049, Kucoin’s CEO’s statement shows that the company is active towards further strengthening its presence at the global level. In such a situation, it will be necessary to keep an eye on the strategies of Kucoin and its role in the markets.
