KuCoin Plots Korean Crypto Revival After Regulatory Boot
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Defiant exchange KuCoin eyes a Seoul do-over—because nothing says ’regulatory compliance’ like rebranding after a ban. The platform’s app got yanked from South Korean stores in 2023 for operating sans license. Now, whispers suggest a 2025 comeback with ’local partnerships’ (read: regulatory fig leaves).
South Korea’s crypto crackdown left scars—upbit dominates 80% of trading volume while foreign players lick wounds. KuCoin’s move smells like a Hail Mary for Asia’s third-largest economy, where retail traders still daydream of 2021’s altcoin mania.
Will Korean regulators bite? The Financial Services Commission never met a paperwork loophole it didn’t hate. Either way, watch for the classic crypto playbook: apologize, reorganize, and monetize.
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