KuCoin has become India's first FIU-compliant global crypto exchange, marking a significant milestone for the cryptocurrency landscape in the country. This development follows the listing of BefiLabs' $BEFI on KuCoin, with the BEFI/USDT pair trading set to commence on March 25, 2024, and deposits now open on the ERC20 network. The exchange's compliance with the Financial Intelligence Unit (FIU) comes after CoinDCX, which was the first crypto asset exchange to register as an FIU entity in December 2023. The achievement highlights the ongoing shift towards a regulated and safe crypto ecosystem in India, a move that has been met with approval from industry insiders. This regulatory approval allows KuCoin to open its services to Indian crypto users, further expanding the accessibility of cryptocurrency trading in the region.
Crypto exchange KuCoin registers with FIU-IND, months after its URL was blocked https://t.co/sDfyVMW082 via @moneycontrolcom
Congrats, @kucoincom team! @CoinDCX was the 1st crypto asset exchange to be an FIU-registered entity in Dec 2023 and I am now glad to see a global exchange registered with FIU-Ind. I believe that a compliant crypto ecosystem with only FIU compliant players in #India is good… https://t.co/enGX1B0bBp
Breaking: Huge news for India! @kucoincom has passed regulatory approval and is now open to Indian crypto users 👀 https://t.co/5X7q5AYpXq
📢 JUST-IN: #KuCoin named #India's first #FIU-compliant global crypto exchange! 🇮🇳🎉 https://t.co/stJuqA7CAY
💥World Premiere💥 📢 New Listing @BefiLabs $BEFI Gets Listed on #KuCoin! 💎Pair: BEFI/USDT 💎Deposit: now open (network: ERC20) 💎Trading: 9:00 on March 25, 2024 (UTC)
FIU compliant-->--| | |---------->CoinDCX | Safety---->--------| Safety ke saath FIU compliant bhi. As the crypto world is undergoing a massive shift towards…