Key Notes

Key Notes:

KuCoin’s EU subsidiary has applied for a MiCAR license in Austria, aiming to expand compliant crypto services across 30 EU and EEA states.Vienna was chosen for KuCoin EU’s headquarters due to Austria’s progressive regulations, a strong talent pool, and a pro-crypto business environment.KuCoin settled a $300 million fine in the US for unlicensed operations, faced bans in Canada and UK, but continues global regulatory efforts.

KuCoin’s subsidiary, KuCoin EU Exchange GmbH, has officially applied for a Markets in Crypto-Assets Regulation (MiCAR) license in Austria as part of its mission to strengthen its European presence. If the Financial Market Authority (FMA) of Austria grants approval, the leading exchange will be positioned to provide compliant crypto services across 30 EU and EEA member states.

With Vienna emerging as a key European crypto hub, the decision to establish operations in Austria reflects KuCoin’s commitment to compliance and long-term sustainability. The exchange aims to deliver secure and innovative crypto services while aligning with Europe’s evolving regulatory landscape. KuCoin CEO BC Wong expressed his enthusiasm, stating:

“As a globally leading crypto exchange, we place compliance and user experience at the forefront of our mission. Today, I am proud to announce the establishment of our new EU hub in Vienna and that KuCoin EU intends to file for a MiCAR application in Austria.”

The decision to set up headquarters in Vienna was driven by Austria’s progressive regulatory framework, a predictable business environment, and a strong talent pool. KuCoin EU believes that Austria, particularly Vienna, is at the forefront of fostering blockchain innovation while ensuring investor protection.

The City of Vienna has actively worked toward creating a transparent and efficient framework for crypto businesses. KuCoin EU sees this as a critical advantage in navigating European regulations while strengthening its brand across the region.

Beyond the headquarters move, KuCoin EU has secured a team of seasoned crypto industry executives to lead the charge. Oliver Stauber, previously General Counsel and Managing Director at Bitpanda, has been appointed CEO. Christian Niedermüller, former CEO of another European digital asset exchange and a long-standing figure in the crypto space, is Joining him as COO.

In order to expand its global presence, KuCoin reported five regulatory license grants so far. Beyond that, the exchange effectively addressed 3600+ law enforcement requests, serving 1800+ registered law enforcement officers. These efforts highlight the company’s commitment to following local regulations and growing its reach in key global markets.

However, legal challenges have also emerged for KuCoin. In January 2025, the exchange settled a case in the United States by admitting guilt of operating as an unlicensed money-transmitting business. As part of the settlement, KuCoin agreed to pay nearly $300 million in fines and to halt operations in the US for at least two years.

In addition to facing issues in the US, KuCoin has encountered regulatory setbacks in other countries. The Ontario Securities Commission in Canada imposed a market ban in 2022. In 2023, the exchange faced legal challenges in New York and the UK, where it was added to the FCA’s warning list. Despite setbacks, KuCoin remains committed to regulatory compliance.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

With over 3 years of crypto writing experience, Bena strives to make crypto, blockchain, Web3, and fintech accessible to all. Beyond cryptocurrencies, Bena also enjoys reading books in her spare time.

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