In a major milestone, KuCoin has become the first global cryptocurrency exchange to achieve compliance with India’s Financial Intelligence Unit (FIU). This cements KuCoin’s commitment to adhering to regulatory frameworks as it expands its presence in key markets worldwide.
KuCoin CEO Johnny Lyu emphasized the exchange’s dedication to user asset security, stating the FIU registration enhances the Indian user experience while reaffirming KuCoin’s focus on compliance and security standards. Lyu also expressed enthusiasm for supporting local blockchain innovation and promoting India’s digital asset ecosystem through investment and educational initiatives.
The achievement garnered recognition from Indian crypto exchange CoinDCX, whose CEO Sumit Gupta voiced optimism that KuCoin’s FIU compliance will inspire other foreign platforms to properly register and create a more robust, regulated environment benefiting all participants. Amid heightened regulatory scrutiny in India’s crypto market, KuCoin has solidified itself as a trusted, compliant player through this milestone.
