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KuCoin EU Seeks MiCAR License for Expansion Across EU/EEA
KuCoin has announced its intention to expand across the European Economic Area (EEA) by seeking a Markets in Crypto-Assets Regulation (MiCAR) license in Austria. This strategic move aims to position KuCoin as a major player in the European crypto market.
As part of this effort, KuCoin EU will establish its operational base in Vienna, taking advantage of Austria’s progressive stance on digital assets and its growing reputation as a hub for crypto businesses. By obtaining a MiCAR license, the company will be authorized to provide crypto services across all 30 member countries within the EU and EEA, ensuring compliance with European Union regulations.
KuCoin has selected Oliver Stauber as CEO and Christian Niedermüller as COO to lead its European operations. Both executives bring significant experience in financial market regulations and digital asset exchanges to the table. The leadership duo will focus on enhancing KuCoin EU’s regional influence while maintaining compliance with MiCAR regulations and expanding the exchange’s customer base.
In a move that highlights its commitment to regulatory compliance, KuCoin EU has applied for a MiCAR license. This endeavor is crucial in facilitating the company’s expansion plans across the EEA. The new leadership team will be instrumental in driving this growth strategy while adhering to the MiCAR framework.
The MiCAR regulation became fully operational in December 2024 and aims to provide a clear regulatory structure for digital asset businesses operating within the EU. If successful, KuCoin EU’s application would give the exchange an immense opportunity to grow its user base while maintaining full regulatory compliance.
By obtaining a MiCAR license, KuCoin EU will be able to expand its offerings across all 30 member countries of the European Union and EEA.
Source: http://www.crypto-news.net
