The cryptocurrency exchange KuCoin has announced its application for a MiCAR license in Austria. This is a significant step in the company’s efforts to offer services across the European Union and European Economic Area.
Key Goal: MiCAR License
KuCoin EU aims to obtain the MiCAR license, which enables them to provide services in thirty EU and EEA countries. This will strengthen customer access to cryptocurrency products within a stable regulatory environment.
Vienna as a Strategic Hub
The headquarters of KuCoin EU will be located in Vienna, Austria. The city is chosen for its stable regulatory framework and significant talent pool, making it the hub for all European operations of the company.
Management’s Remarks on KuCoin EU
KuCoin CEO BC Wong highlighted the importance of compliance and user safety. The new hub in Vienna will ensure the successful rollout of crypto products in the EU.
KuCoin EU is expected to offer services in the EU post MiCAR license acquisition, supporting blockchain technology development and reinforcing Europe’s position in the global crypto economy.
