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KuCoin EU Seeks MiCAR License for Expansion Across EU/EEA
KuCoin has announced its plans to seek a Markets in Crypto-Assets Regulation (MiCAR) license, marking the exchange’s intention to expand its operations across the European Economic Area (EEA). This strategic move is aimed at broadening its presence and ensuring compliance with the new regulatory framework introduced by MiCAR.
The company has chosen Austria as its strategic hub for European expansion, primarily due to its transparent regulatory environment and swift adoption of the MiCAR framework. KuCoin plans to establish an operational base in Vienna, leveraging the country’s progressive stance on digital assets and growing reputation as a hub for crypto businesses.
By obtaining the MiCAR license, KuCoin will be authorized to provide various crypto services across all 30 member countries within the EU and EEA, guaranteeing its operations align with EU regulations. The development positions KuCoin’s commitment to integrating into Europe’s regulatory landscape while expanding its footprint within the region.
Leadership Changes to Strengthen European Presence
KuCoin has also appointed Oliver Stauber as CEO and Christian Niedermüller as COO to lead the company’s European operations. Stauber brings an extensive background from his previous roles in financial market regulations and European digital asset exchanges, while Niedermüller will be responsible for ensuring operational efficiency and market growth.
The leadership duo aims to enhance KuCoin EU’s regional influence by focusing on compliance with MiCAR regulations and expanding the exchange’s customer base. Their combined expertise is expected to help strengthen KuCoin’s brand presence in the European market while aligning with local regulatory standards.
The introduction of the MiCAR framework, which came into effect fully 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 a significant opportunity to grow its user base while maintaining full regulatory compliance.
Source: http://www.crypto-news.net
