Kucoin succeeded where OKX failed, it seems they really want to leave the Indian market otherwise I think they can comply with the same regulations.
Either the Indian market is not attractive to this degree, or proving reserves is the reason for abandoning the market. Day after day, regulatory procedures will tighten, and if they are hiding something, they will soon stop working.
Well, we could easily find out in the future what this decision was based on.
We know for example Binance fled all the countries that started asking exchanges to keep separate records and accounts for each client's custody assets and separate those completely from the exchange's own funds, without those ever colliding, since they fled all countries that asked for this no matter how big or small of a market they were obviously that's the cause.
Now if OKX leaves India but applies for a license on the same terms let's say in Brazil, then they had no interest in the country, if they keep on ditching countries then it's the regulations they don't like not the client base!
