KuCoin EU Secures MiCAR License from Austrian Regulator

KuCoin's European arm has secured a Market in Crypto Asset Regulation (MiCAR) license in Austria.
This license allows KuCoin to offer regulated services across the European Union (EU) and European Economic Area (EEA).
The approval signifies a major expansion for KuCoin in Europe, following its application for the license in February.
Vienna is selected as KuCoin's European headquarters, emphasizing blockchain innovation and investor protection.
Other exchanges have also obtained MiCAR licenses in different EU countries; for instance, Blockchain.com received a license from Malta.
Concerns exist about the diligence of some member states in granting these licenses.
Globally, KuCoin has expanded into Vietnam through partnerships and entered Brazil via integration with Pix, a payment platform.
Prior to this, KuCoin registered with Australia's financial intelligence agency, Austrac, to offer legal crypto exchange services in Australia.