#Digital Assets #Vienna #Austria #KuCoin #MiCAR License

KuCoin EU Achieves MiCAR License

KuCoin, recognized globally as a leading cryptocurrency platform, made significant strides today by announcing that its European entity, KuCoin EU Exchange GmbH, has officially obtained a license under the Markets in Crypto Assets Regulation (MiCAR) in Austria. This pivotal approval permits KuCoin EU to fully compliant services within the realm of digital assets across 29 countries in the European Economic Area (EEA), effectively expanding its reach and capabilities.

The Importance of MiCAR

The MiCAR framework is widely acknowledged as one of the most stringent and comprehensive regulations for digital assets on a global scale. By securing this license through its local EU branch, KuCoin fortifies its status as a compliance-driven global exchange. This move reaffirms KuCoin's mission to operate under highly trusted regulatory systems worldwide.

This achievement underscores the ongoing global compliance journey for KuCoin, which has already established a presence in Australia by obtaining registration with AUSTRAC as a digital currency exchange earlier this year. The MiCAR license is a gateway for KuCoin EU to deliver secure, transparent, and compliant services to millions of European users under a unified, integrated regulatory framework.

BC Wong, CEO of KuCoin, commented, "Obtaining the MiCAR license through our local Austrian operations is a crucial milestone in KuCoin's long-term trust and compliance strategy. The European MiCAR framework embodies some of the highest regulatory standards globally, and we are proud to meet such benchmarks. As part of our $2 billion Trust Project, KuCoin is committed to developing a transparent, credible, and security-focused Web3 infrastructure, nurturing user confidence and supporting the responsible growth of the digital asset sector."

Enhancing Trust and Compliance

The MiCAR license significantly enhances KuCoin's global trust architecture, further supported by the $2 billion Trust Project, top-tier security certifications such as SOC 2 Type II, ISO 27001:2022, ISO 27701, and CCSS, along with regular proof-of-reserves audits conducted by third parties. These essential pillars highlight KuCoin's commitment to its mantra: “Trust First. Trade Next.” This ethos facilitates access to digital asset services for individuals and institutions alike, ensuring they can trade with trust and transparency.

Wong added, “This milestone reinforces KuCoin’s commitment to responsible global expansion. Compliance is not merely a regulatory obligation but the foundation of our long-term mission to provide safe, innovative, and accessible digital asset services to users worldwide.” As KuCoin progresses in adhering to regulatory frameworks in various regions, it remains steadfast in its mission to create trustworthy products that protect user assets and contribute to the healthy, sustainable development of the global crypto industry.

Next Steps for Users

As KuCoin EU nears the launch of its fully compliant platform, users from the EEA (excluding Malta) are encouraged to stay tuned for official announcements from KuCoin EU regarding timely updates and early access information. New registrations and logins for users will no longer be accepted on KuCoin Global. The MiCAR license not only marks a new chapter for KuCoin in Europe but also represents a crucial step towards a more transparent, trustworthy, and regulated future for digital assets on a global scale.

About KuCoin EU

KuCoin EU Exchange GmbH is a licensed European entity established to offer digital asset services to users across the EEA (excluding Malta). KuCoin EU has been authorized by the Austrian Financial Market Authority (FMA) as a Crypto Asset Service Provider (CASP) under the MiCAR regulations and is permitted to provide regulated services such as custody and management of crypto assets, trading services (crypto-to-fiat and crypto-to-crypto), placement of crypto assets, and transfer services on behalf of clients.

With its headquarters in Vienna, KuCoin EU operates in compliance with the applicable EU legal framework, meeting MiCAR demands in terms of transparency, market integrity, and investor protection. Notably, KuCoin EU is not an operator of a crypto asset trading platform and does not provide investment advice.