2024

April

Daily

Coin

<ul class="news-points"> 
 <li><strong>KuCoin returns to Play Store in India despite DOJ charges, CFTC lawsuit over ETH trading.</strong></li> 
 <li><strong>Daily volume drops from $2bn to $520mn post-lawsuit as market share halves to &lt;3%.</strong></li> 
 <li><strong>Outflows from KuCoin wallets exceed $600mn on March 26; users migrate to safer options.</strong></li> 
</ul> 
<p>The return of KuCoin to the Play Store in India despite recent legal issues marks a significant development for Indian crypto investors. Despite facing charges from the U.S.&nbsp; Department of Justice (DOJ) for violating anti-money laundering laws and a lawsuit from the U.S. CFTC over its ETH margin trading, KuCoin is making efforts to continue its operations.</p> 
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   <p lang="en" dir="ltr">𝗛𝘂𝗴𝗲 𝗡𝗲𝘄𝘀 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮𝗻 𝗖𝗿𝘆𝗽𝘁𝗼 𝗨𝘀𝗲𝗿𝘀&nbsp;<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/KuCoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#KuCoin</a> is back on the Play Store after being the first FIU-complaint foreign <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Crypto</a> exchange in <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1ee-1f1f3.png" alt="🇮🇳" class="wp-smiley" style="height: 1em; max-height: 1em;"> India <a href="https://t.co/OfCKhPzbe1" target="_blank" rel="nofollow">pic.twitter.com/OfCKhPzbe1</a></p>— Wise Advice (@wiseadvicesumit) <a href="https://twitter.com/wiseadvicesumit/status/1775490470522876084?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 3, 2024</a>
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<p>However, <a href="https://research.kaiko.com/insights/the-impact-of-the-kucoin-charges" target="_blank" rel="nofollow">data</a> from Kaiko shows that the impact of these charges has been substantial. Following the lawsuit announcements on March 26, KuCoin experienced a significant decrease in daily volume and market share. Daily volume dropped from around $2 billion …</p>
<p>The post <a href="https://coinedition.com/kucoin-defies-legal-turmoil-returns-to-indian-play-store-amidst-doj-and-cftc-battles/">KuCoin Defies Legal Turmoil, Returns to Indian Play Store Amidst DOJ and CFTC Battles</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

KuCoin Defies Legal Turmoil, Returns to Indian Play Store Amidst DOJ and CFTC Battles

Coin Edition

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