- KuCoin CEO addresses market FUD amid U.S. allegation of non-compliance.
- Last Friday, KuCoin became the first global exchange to register with India’s Financial Intelligence Unit.
- On-chain data shows KuCoin has sufficient reserves to honor withdrawal requests.
KuCoin CEO Johnny Lyu has reacted to the growing messages of fear, uncertainty, and doubt (FUD) circulating in the community amid the recent charges filed against the prominent exchange by the U.S. government.
Lyu emphasized that such regulatory action is not unique to KuCoin but is widespread in the crypto scene. “The challenge we’re facing is not unique to KuCoin but rather typical growth and regulatory issues encountered by emerging industries,” the KuCoin CEO remarked.
The challenge we're facing is not unique to KuCoin but rather typical growth and regulatory issues encountered by emerging industries. Early-stage development often sees regulatory gaps, but as the industry matures, we move towards and embrace compliance and standardization.— Johnny_KuCoin (@lyu_johnny) March 27, 2024
Furthermore, Lyu stressed that it is not far-fetched to see regulatory gaps in the early-stage developme…
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