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KuCoin EU Seeks MiCAR License for Expansion Across EU/EEA
KuCoin has announced its application for a Markets in Crypto-Assets Regulation (MiCAR) license, aiming to expand its operations across the European Economic Area (EEA). This strategic move underscores the company’s commitment to integrating with Europe’s regulatory landscape and increasing its footprint within the region.
The company has selected Austria as its headquarters, drawn by the country’s transparent regulatory environment and prompt adoption of the MiCAR framework. By establishing an operational base in Vienna, KuCoin EU will be able to capitalize on Austria’s progressive stance on digital assets and its growing reputation as a hub for crypto businesses.
Once the MiCAR license is secured, KuCoin will be authorized to offer crypto services across all 30 member states, ensuring compliance with European Union regulations. This would mark a significant milestone for the company, enabling it to expand its customer base while maintaining regulatory compliance.
In addition to this development, KuCoin EU has appointed financial market expert Oliver Stauber as CEO and Christian Niedermüller, with over nine years of experience in the digital asset industry, as COO. The new leadership team will focus on ensuring compliance with MiCAR regulations, expanding the exchange’s customer base, and aligning with local regulatory standards.
The MiCAR framework, which came into effect in December 2024, aims to provide a clear regulatory structure for digital asset businesses operating within the EU. If KuCoin EU’s application is successful, it will have the opportunity to grow its user base while maintaining full regulatory compliance.
Source: http://www.crypto-news.net
