KuCoin Applies for MiCAR License in Austria, Eyes Expansion into EU Market
The post KuCoin Applies for MiCAR License in Austria, Eyes Expansion into EU Market appeared on BitcoinEthereumNews.com.
A leading global cryptocurrency exchange, KuCoin, has made the announcement that KuCoin EU Exchange GmbH is now in the process of submitting an application for a MiCAR license in the country of Austria. As KuCoin prepares for its entrance into the European Union and the European Economic Area (EU/EEA), this application demonstrates the company’s dedication to attaining the highest possible levels of regulatory compliance. KuCoin EU will be able to provide its services to consumers in all thirty countries that are members of the European Union and the European Economic Area (EEA) thanks to the MiCAR license. This will ensure that customers have consistent access to cryptocurrency products and services inside a solid regulatory framework. The purpose of this initiative is to align with KuCoin’s objective of encouraging openness, trust, and accountability in the administration of best-in-class digital asset services, with the goal of providing users with a trading platform that is both safe and compliant. The headquarters of KuCoin EU will be located in Vienna, Austria, which will serve as a strategic center for all activities that take place in Europe. KuCoin EU is now in the process of recruiting qualified individuals for its operations. The prompt adoption of the MiCAR related legislation, a stable and predictable regulatory framework, and the enormous talent pool were the primary factors that led to the choice to choose Austria as the location. KuCoin EU recognizes the efforts that Austria has made, such as those spearheaded by the City of Vienna, to provide a framework that is transparent, efficient, and the finest of its kind for cryptocurrency enterprises to operate within. This framework is designed to do so while protecting the interests of investors and encouraging innovation in the financial sector. Commenting on the establishment of the EU hub, KuCoin’s CEO BC Wong said: “As a…
Filed under: News - @ February 21, 2025 1:20 am