- KuCoin EU gets MiCA license to operate across 29 EEA countries, excluding Malta.
- Austria was chosen for its stable regulations, timely MiCA implementation, and talent pool.
- License strengthens compliance and global expansion strategy for KuCoin.
Global cryptocurrency exchange KuCoin has taken a significant step toward expanding its presence in Europe with its European arm, KuCoin EU, securing a Markets in Crypto-Assets (MiCA) license from Austria’s Financial Market Authority.
This approval marks a major milestone for the exchange, allowing it to operate regulated crypto services across 29 countries in the European Economic Area (EEA), although Malta remains an exception.
Austria as a strategic hub
KuCoin’s decision to pursue licensing in Austria comes amid a wave of European countries adopting MiCA regulations, designed to standardise crypto oversight and enhance consumer protections.
Vienna, in particular, has emerged as an attractive base for crypto companies due to its timely implementation of MiCA’s accompanying laws, a predictable regulatory environment, and a robust talent pool.
KuCoin EU’s license positions the company among six cryptocurrency service providers authorised by Austria’s FMA, alongside established names such as Bitpanda, Bybit, and Amina Bank.
The MiCA framework, which came into effect in late 2024, enables crypto companies to obtain a license in one member state and “passport” their services across the wider EEA.
For KuCoin, this means the ability to offer regulated digital asset services, including stablecoins and other crypto-asset offerings, throughout much of Europe while adhering to one of the most comprehensive regulatory regimes worldwide.
The license also brings clear obligations for transparency, supervision, and consumer protection, with non-compliant entities facing penalties or license revocations.
Strengthening global compliance
KuCoin’s MiCA approval coincides with its recent registration with Australia’s financial intelligence agency, Austrac, allowing the exchange to offer crypto services legally in the country.
The timing underscores the company’s broader strategy of combining global expansion with regulatory compliance.
KuCoin CEO BC Wong described the MiCA license as a “defining milestone” for KuCoin’s long-term trust and compliance strategy, emphasising that regulatory adherence is not merely a legal requirement but the foundation of the company’s mission to deliver secure, innovative, and accessible digital asset services.
However, while the MiCA license allows operations across the majority of the EEA, Malta remains excluded due to its independent approach toward MiCA supervision.
Malta has issued multiple licenses to other cryptocurrency service providers, including Blockchain.com and Gemini, yet it has often opposed centralised EU oversight, highlighting differing regulatory philosophies within Europe.
KuCoin is setting a benchmark for the region
KuCoin’s entry into the European market under MiCA signals growing confidence in the regulatory framework and demonstrates the increasing alignment of major crypto platforms with formal compliance standards.
With a user base exceeding 40 million across 200 countries, KuCoin’s European arm is now equipped to expand its regulated services while maintaining high standards for transparency, security, and consumer protection.
Credit: Source link
