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KuCoin Plots Korean Comeback After App Store Exile—Regulators Still Side-Eyeing Crypto
KuCoin Plots Korean Comeback After App Store Exile—Regulators Still Side-Eyeing Crypto
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KuCoin—the global exchange that got booted from South Korea’s app stores in 2023—is quietly laying groundwork for a return. Insiders say backchannel talks with regulators are underway, but the FSA isn’t rolling out the welcome mat just yet.
Why the sudden push? Korea’s crypto trading volume hit $2B daily last month, and KuCoin’s missing the party. Their workaround? A ‘lite’ web version dodging app store bans—classic crypto loophole chess.
One exec joked they’d ‘regulate harder than a Jeju Island blackout’ this time. Given Korea’s history of flipping from crypto darling to skeptic every 18 months, maybe hedge your bets.
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