Once upon a time, foreign exchanges used to think of themselves as some England's queen and used to open the business in any country without any form of local licenses. And they used to store the customer crypto without the keys. And then there was invention of the word "regulation" that arrived in the daily life of the crypto exchanges. And now every country out there is putting on limits and the rules on those exchanges and everyone started crying. Rule of the land is if you wish to do business on land, you comply with the land. 

Kucoin was recently blocked from access for this same reason in India. And now Kucoin learned that Indian market is valuable so they decided to stay compliant and they got the license. Still they are yet to unblock because of few formal changes are left. 

Hopefully once the site is restored they would be able to onboard new and old users back into the KuCoin. And this would also means that there would be an edge they get over the Binance. Because binance is yet to stay compliant and that would meant they would lose those indian users. And now binance would be losing the asia slow as the Singapore and India are the big market for the crypto. 

In case of South korea and Philippines, both are struggling with the binance too. In short, we are going to be seeing some really odd changes that are about to happen. We are going to be seeing that there is going to be a race for collecting the asian user base and this means sooner these companies get compliance in those nations the easier their business gets.