Crypto exchange KuCoin is planning to reenter the South Korean market following its platform’s blockage there. This decision comes after stringent regulatory measures by South Korean authorities in March and April, which forced platforms like KuCoin to close operations within the country. The exchange has maintained a presence in the jurisdiction despite the closure, now aiming to comply with regulations before returning. KuCoin CEO BC Wong confirmed his ambition to re-enter the country, stating that their strategy is to prioritize compliance in major jurisdictions first—the US, EU, China, India, and possibly Australia after those locations. The CEO also revealed that KuCoin has initiated discussions with regulators to navigate these legal complexities. Furthermore, KuCoin’s EU CEO Oliver Stauber highlighted operational challenges in the European market, specifically referencing the differing interpretations of MiCA regulations. While MiCA allows for licensing portability across member states, some jurisdictions are interpreting it differently, creating barriers for continued operations.