KuCoin EU Gains MiCAR Approval to Roll Out Digital Asset Services in Europe
KuCoin has secured a serious regulatory victory in Europe with its announcement that KuCoin EU Exchange GmbH (KuCoin EU) has obtained a Markets in Crypto-Assets Regulation (MiCAR) license in Austria.
The approval permits KuCoin EU to present totally compliant digital asset companies throughout 29 nations in the European Economic Area (EEA), excluding Malta.
MiCAR is acknowledged for its rigorous requirements and harmonized guidelines, designed to improve investor safety, platform transparency, and market stability. By attaining full authorization via its Austrian entity, KuCoin demonstrates its dedication to working responsibly inside trusted regulatory regimes.
The MiCAR license follows a sequence of latest compliance milestones, together with KuCoin’s securing of AUSTRAC Digital Currency Exchange Registration in Australia in November, alongside ongoing upgrades to its international compliance infrastructure throughout a number of jurisdictions.
With this new approval, KuCoin EU stated it’s positioned to roll out safe, clear, and compliant digital asset companies to tens of millions of European customers underneath a unified regulatory framework—an providing that many exchanges have but to obtain.
Leaders Point Out MiCAR as a Defining Moment for KuCoin
BC Wong, CEO of KuCoin, known as the approval a serious achievement for the corporate’s long-term Trust and Compliance technique. “Securing the MiCAR license with our native entity in Austria is a defining milestone,” Wong stated. “Europe’s MiCAR framework represents one of many highest regulatory requirements worldwide, and we’re proud to meet this benchmark.”
As a part of our $2B Trust Project, KuCoin will proceed constructing clear, credible, and security-driven Web3 infrastructure that strengthens consumer belief and helps accountable trade development.”
KuCoin said that its regulatory progress is supported by a sturdy belief structure, together with SOC 2 Type II, ISO 27001:2022, ISO 27701, and CCSS certifications, in addition to impartial Proof-of-Reserves audits—all of which reinforce its “Trust First. Trade Next.” philosophy.
New EU Platform Coming Soon as Users Transition
With MiCAR authorization secured, KuCoin EU is getting ready to launch a completely compliant European platform. Users throughout the EEA, apart from Malta, will quickly obtain early-access updates and onboarding info. Moving ahead, new consumer registrations will not be supported via KuCoin Global.
The MiCAR license marks not only a new chapter for KuCoin in Europe, but additionally a broader shift towards a safer, extra clear, and extra regulated digital asset ecosystem worldwide.
Bybit Secures Austria’s MiCA License
Earlier this 12 months, Bybit, the world’s second-largest crypto trade by buying and selling quantity, formally planted its flag in Europe. The firm has additionally obtained a MiCAR license from Austria’s Financial Market Authority, as said in a May 29 news release.
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KuCoin EU is now formally MiCAR-compliant and permitted by the Austrian FMA! Secure, regulated crypto entry is coming to the EU very quickly.