KuCoin EU Secures MiCA License in Austria

The European arm of one of the world’s leading cryptocurrency exchanges, KuCoin, has secured a MiCA (Markets in Crypto-Assets) license in Austria. This license enables the company to offer fully regulated crypto services across the European Economic Area (EEA).

KuCoin MiCA License Unlocks EU-Wide Services

The MiCA regulatory framework, which commenced in 2024, aims to establish consistent rules for crypto-asset service providers (CASPs) across all EU countries. By obtaining its license in Austria, KuCoin EU can now operate legally in over 30 EEA countries without needing separate approvals from each one.

Notably, the exchange can now provide a range of regulated digital asset services. These services include crypto trading, custody, and token issuance. The license also ensures these services meet the EU’s high standards for consumer protection, transparency, and security. 

For users in Europe, the license offers a safer and more reliable trading environment, supervised by Austrian regulators and recognized across Europe. For KuCoin EU, this means better connections with European financial institutions and potential partnerships.

KuCoin Obtains New Certifications

It is worth noting that the prominent exchange recently earned two major certifications: ISO 27701 and SOC 2 Type II. These new achievements build on KuCoin’s previous ISO 27001:2022 certification. It also reflects the firm’s strong commitment to protecting users and meeting global security standards.

The ISO 27701 certification focuses on the proper handling of personal data. It guides organizations on how to collect, store, use, and delete personal information safely. For KuCoin, securing this certificate means adopting stricter rules to protect user data across its global platform.

The exchange affirms that data privacy is not only a legal obligation but also a core part of its strategy to build lasting trust with users.

Exchanges Secures EU-Wide Crypto License

No doubt, MiCA is the first major law to bring all EU countries under one crypto rulebook. In June, cryptocurrency exchange Coinbase received approval to operate under the EU rules for cryptocurrencies. The company secured the license from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF).

Similarly, Bitstamp received a CASP license under the MiCA regulation. The MiCA license allows Bitstamp to use the EU’s “passporting” system. In May, Bybit also secured a MiCA license from Austria’s Financial Market Authority (FMA).

Ultimately, MiCA was created to uniform crypto rules across Europe. It aims to protect users, prevent illegal activity, and give clear guidelines to crypto companies.