KuCoin EU Achieves MiCAR License to Provide Regulated Digital Asset Services Across Europe

KuCoin EU Achieves MiCAR License

In an important development for the cryptocurrency sector, KuCoin, a prominent global exchange, has announced that its European arm, KuCoin EU Exchange GmbH, has officially secured the license under the Markets in Crypto-Assets Regulation (MiCAR) in Austria. This significant approval permits KuCoin EU to offer regulated digital asset services across the 29 countries that constitute the European Economic Area (EEA), excluding Malta.

The MiCAR license represents a crucial milestone in KuCoin's global compliance roadmap, affirming the company's commitment to align with one of the most rigorous and forward-thinking regulatory frameworks for digital assets worldwide. The MiCAR framework is acknowledged globally as a comprehensive regulatory structure for digital assets, designed to ensure that exchanges maintain transparency and consumer protection. By achieving this level of compliance, KuCoin consolidates its position as a trusted global trading platform, reinforcing its commitment to operate under the most reputable regulatory regimes.

BC Wong, CEO of KuCoin, stated, "Securing the MiCAR license through our local entity in Austria is a pivotal achievement in our long-term Trust and Compliance strategy. This regulatory milestone not only validates our dedication to meeting stringent global standards but also promises enhanced security and transparency for our users."

The acquisition of this license is part of KuCoin's broader global compliance expansion, which also includes obtaining the Digital Currency Exchange Registration with AUSTRAC in Australia earlier this month. KuCoin's growing compliance infrastructure across multiple jurisdictions embodies its objective to provide secure, transparent, and regulation-compliant services to millions of users in Europe under a unified regulatory framework.

Wong continued, "With the ongoing enhancements to our compliance architecture, we are steadfast in our mission of offering safe, innovative, and accessible digital asset services to users worldwide. This is not merely about regulatory requirements but a foundational element of our long-term strategy to foster sustainable growth of the global cryptocurrency industry."

The MiCAR framework, viewed as one of the most stringent sets of regulations globally, was designed to offer a cohesive structure for the digital asset market. It calls for significant transparency, market integrity, and investor protection standards to secure a trustworthy environment for users.

As KuCoin prepares to launch its fully compliant platform in the EEA, users are encouraged to follow official announcements from KuCoin EU to access timely updates and early access information. Notably, users in the EEA will no longer be able to register or access KuCoin's global platform, indicating a strategic transition toward locally compliant operations.

In addition to achieving the MiCAR license, KuCoin EU is also backed by substantial investments in security measures, such as achieving SOC 2 Type II certifications, ISO 27001:2022, ISO 27701, and rigorous third-party Proof of Reserves audits. These elements collectively reinforce KuCoin's commitment to prioritizing trust and security for its users.

The license not only signifies a new chapter for KuCoin in Europe but also marks a significant step toward creating a more transparent, trustworthy, and regulated future for digital assets globally.

In summary, KuCoin EU Exchange GmbH stands ready to reshape digital asset offerings within the EEA, providing users with services that align with the high standards of the MiCAR framework. With their commitment to responsible global expansion and a firm foundation in compliance, KuCoin is positioning itself as a leading player in the digital economy.

About KuCoin EU

KuCoin EU Exchange GmbH is a licensed entity aimed at delivering digital asset services to users across the European Economic Area, authorized as a Crypto Asset Service Provider (CASP) under the MiCAR framework by the Austrian Financial Market Authority (FMA). Operating from Vienna, KuCoin EU adheres to the applicable regulatory criteria laid out by the EU, ensuring consumer protection and market integrity in all its offerings.