- KuCoin EU has applied for a MiCAR license in Austria to expand in Europe.
- The Vienna-based hub will oversee compliance and innovation for digital assets.
Top international cryptocurrency exchange KuCoin has revealed that its subsidiary, KuCoin EU Exchange GmbH, has applied for a MiCAR license in Austria. This is a key step in KuCoin’s effort to expand its regulatory presence and provide compliant digital asset services within the EU and EEA. After securing authorization, KuCoin EU will enable users to trade securely and in compliance with regulations. This approval will grant access to all 30 member states of the EEA and EU.
The choice of Vienna, Austria, as the location for its headquarters was spurred by the country’s early commitment to MiCAR regulations, stable regulatory environment, and rich pool of talent.The government of Austria and the City of Vienna have actively promoted a clear and effective system for cryptocurrency businesses. Their efforts have made Vienna an attractive location for KuCoin to establish its European operations. The exchange is now hiring a team of veterans to spearhead its growth in the region.
KuCoin Sets Up European Headquarters with MiCAR Application
Appointed to head KuCoin EU are Oliver Stauber as CEO and Christian Niedermueller as COO. Stauber, formerly General Counsel and Managing Director at Bitpanda, brings extensive experience in financial market regulation and crypto exchange management. Niedermueller, a seasoned expert in the European digital asset industry with over nine years of experience, previously served as CEO of another European exchange. His leadership will play a crucial role in ensuring KuCoin EU’s compliance with regulations. Together, they aim to establish a strong platform that delivers innovative and compliant crypto solutions.
KuCoin CEO BC Wong stated that MiCAR is one of the crown jewels in the company’s efforts at compliance and user confidence-building. Wong noted that through the regulatory license, KuCoin can enter the EEA market solidly by providing localized, safe digital assets. Wong reiterated KuCoin’s dedication to creating a responsible and transparent digital asset ecosystem.
Upon acquiring a license, KuCoin EU will offer European customers access to a wide range of crypto assets while fully complying with EU laws. The company seeks to support the global expansion of blockchain technology. Additionally, it aims to strengthen the EU’s position in the international cryptocurrency market. KuCoin EU plans to establish a strong local presence, enhancing brand recognition and delivering innovative cryptocurrency services tailored to European consumers.
Currently, KuCoin EU is not operating within the EU or EEA and will not launch until regulatory clearance is received. The exchange remains committed to leading global regulatory compliance. At the same time, it continues to promote innovation and trust in the digital asset industry. Leveraging KuCoin’s advanced technology and industry expertise, KuCoin EU will become Europe’s leading MiCAR-compliant digital asset brokerage.
