KuCoin CEO emphasizes compliance to promote RWA development, ZachXBT questions his trust claims

Kucoin CEO BC Wong stated that he has had in-depth exchanges with multiple founders regarding RWA and stablecoin development, emphasizing that "compliance is the foundation of building trust". He cited BCG data, saying that the tokenized RWA market size may reach $16 trillion by the 2030s, provided that infrastructure such as stablecoins is sufficiently robust. He also pointed out that the industry is still in its early stages and needs to be developed in the right way. However, on-chain analyst ZachXBT questioned this, claiming that Kucoin previously ignored law enforcement requests and failed to freeze stolen funds in a timely manner, casting doubt on the authenticity of its compliance rhetoric.