Main cryptocurrency change KuCoin is the most recent firm to safe a license below the European Union’s Markets in Crypto-Property Regulation (MiCA) framework.
KuCoin’s European arm, KuCoin EU, secured a MiCA license from the Monetary Market Authority of Austria, the corporate mentioned in a press release shared with Cointelegraph on Friday.
The authorization permits KuCoin EU to supply crypto asset providers throughout 29 nations within the European Financial Space (EEA), excluding Malta, in response to the change’s representatives.
“Securing the MiCA license with our native entity in Austria is a defining milestone in KuCoin’s long-term belief and compliance technique,” KuCoin CEO BC Wong mentioned, including that the regulatory framework is “one of many highest regulatory requirements worldwide.”
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KuCoin’s MiCA approval follows its license software filed in early 2025, arriving months after a number of crypto asset suppliers (CASPs), together with Austria-based Bitpanda, had already secured MiCA authorization in different EU member states.
“The choice to decide on Austria was primarily pushed by the well timed implementation of the MiCA accompanying legal guidelines, the steady and foreseeable regulatory surroundings in addition to the large expertise pool,” the change said in a press release in February.
Alongside KuCoin, Austria’s FMA has issued MiCA licenses to 5 extra CASPs: crypto-friendly Amina Financial institution, Bitpanda, Bybit, Cryptonow and FIOR Digital.
“This milestone strengthens KuCoin’s dedication to accountable world growth,” KuCoin CEO Wong mentioned, including: “Compliance is just not merely a regulatory obligation — it’s the basis of our long-term mission to ship safe, revolutionary, and accessible digital asset providers to customers worldwide.”
Associated: Blockrise wins Dutch MiCA license, brings Bitcoin-backed loans to EU businesses
Cointelegraph contacted KuCoin for remark relating to the Malta exception, however had not obtained a response by the point of publication.
As beforehand talked about, Malta has issued a number of MiCA licenses to CASPs like Blockchain.com and the Winklevoss twins-owned Gemini exchange. Malta has additionally emerged as a significant opponent of centralized MiCA supervision within the EU, opposite to the place of member states akin to France.
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