VIENNA, Feb. 20, 2025 /PRNewswire/ — KuCoin, a number one international cryptocurrency change, has introduced that KuCoin EU Change GmbH is within the midst of submitting an utility for a MiCAR license in Austria. This utility underscores KuCoin’s dedication to assembly the best requirements of regulatory compliance whereas solidifying its presence within the EU/EEA area.
The MiCAR license will allow KuCoin EU to serve its clients throughout all 30 EU and EEA member nations, guaranteeing constant entry to crypto services and products beneath a strong regulatory framework. This initiative aligns with KuCoin’s imaginative and prescient of fostering transparency, belief, and accountability in administering best-in-class digital asset providers, providing customers a safe and compliant buying and selling platform.
KuCoin EU will arrange its headquarters in Vienna, Austria, marking the town a strategic hub for all European actions and is actively hiring skills for its operations. The choice to decide on Austria was primarily pushed by the well timed implementation of the MiCAR accompanying legal guidelines, steady and foreseeable regulatory surroundings in addition to the massive expertise pool. KuCoin EU acknowledges Austria’s efforts, e.g. pushed by the Metropolis of Vienna, in making a clear, environment friendly, and best-in-class framework for crypto companies to function whereas safeguarding traders pursuits and fostering innovation within the monetary sector.
Commenting on the institution of the EU hub, KuCoin’s CEO BC Wong stated “As a globally main crypto change, we place compliance and consumer expertise on the forefront of our mission. Immediately, I’m proud to announce the institution of our new EU hub in Vienna and that KuCoin EU intends to file for a MiCAR utility in Austria. This marks a major milestone in our steadfast dedication to executing a world, compliant technique. Upon receiving a MiCAR license, we are going to enter the EEA market, which we deem strategically essential. By advancing our compliance efforts, we’re poised to raised serve native customers with extra handy, safe, and seamlessly localized merchandise and experiences. We stay devoted to fostering a clear, accountable, and sustainable international digital asset ecosystem.”
Oliver Stauber, former Normal Counsel and Managing Director at Bitpanda, and Christian Niedermueller, former CEO of one other European digital asset change, each veterans of the European crypto trade and seasoned monetary executives with authorized background, have been appointed because the Managing Administrators of KuCoin EU Change GmbH. Stauber and Niedermueller convey intensive experience in monetary market regulation and crypto change administration, strengthening KuCoin’s main place because it navigates the complexities of Europe’s evolving crypto rules whereas guaranteeing a profitable and regulatory compliant enterprise operation within the EU and EEA.
“I’m completely thrilled to embark on this journey because the CEO of KuCoin EU, the place we’re set to revolutionize the crypto panorama throughout the EU and EEA with progressive services and products. At KuCoin EU, our mission is evident: to create Europe’s premier, regulatory-compliant crypto asset service supplier. We’re excited to announce that we’ll apply for a MiCAR license in Austria. Upon receiving the MiCAR license we’re dedicated to delivering safe, compliant, and cutting-edge crypto options that may redefine belief and innovation within the EU’s fintech area. Prepare for a brand new period in crypto!” – Oliver Stauber, CEO of KuCoin EU
“After having scaled up one other European change and having my toes within the digital asset trade now for greater than 9 years, I’m very comfortable to assist bringing KuCoin to the following stage in Europe. We goal to construct a implausible native workforce, have a complicated localized operational & product setup and likewise strengthen model consciousness massively within the years to return. Being a KuCoin buyer myself for the reason that very starting in 2017, I couldn’t be prouder to assist KuCoin now at this stage.” – Christian Niedermueller, COO of KuCoin EU
As soon as KuCoin EU has been granted its MiCAR license, KuCoin EU might be well-positioned to offer providers for European customers, providing entry to a variety of digital belongings whereas guaranteeing compliance with EU rules. The corporate’s long-term imaginative and prescient consists of contributing to the broader adoption of blockchain expertise and strengthening the EU’s place as a pacesetter within the international crypto ecosystem.
As KuCoin takes this step ahead, the change stays targeted on fostering innovation and belief within the digital asset house whereas aligning its operations with regulatory frameworks worldwide.
About KuCoin EU
KuCoin EU Change GmbH, primarily based in Vienna, Austria, is dedicated to establishing a completely compliant digital asset brokerage beneath the MiCAR framework. By leveraging KuCoin’s superior expertise and nurturing the revered KuCoin model, KuCoin EU goals to ship safe and progressive crypto services and products to its clients inside the European Financial Space (EEA).
KuCoin EU Change GmbH at the moment doesn’t provide any providers within the EU/EEA and can solely begin operation upon receiving acceptable licensing.
About KuCoin
Based in 2017, KuCoin is likely one of the pioneering and most globally acknowledged expertise platforms supporting digital economies, constructed on a strong basis of cutting-edge blockchain infrastructure, liquidity options, and an distinctive consumer expertise. With a related consumer base exceeding 39 million worldwide, KuCoin gives complete digital asset options throughout wallets, buying and selling, wealth administration, funds, analysis, ventures, and AI-powered bots.
KuCoin has garnered accolades similar to “Finest Crypto Apps & Exchanges” by Forbes and has been acknowledged among the many “High 50 World Unicorns” by Hurun in 2024. This recognition displays its dedication to user-centric rules and core values, which embrace integrity, accountability, collaboration, and a relentless pursuit of excellence.
KuCoin shouldn’t be licensed within the EU/EEA and doesn’t actively provide any providers within the EU/EEA.
