- This application shows the company’s commitment to achieve the highest possible levels of legislative compliance.
- Kucoin EU will be able to provide its services to consumers in all thirty countries that are members of the EU and the EEA thanks to the Micar license.
- The head office of Kucoin EU will be located in Vienna, Austria, which will serve as a strategic center for all activities that take place in Europe.
A leading global cryptocurrency -exchange, Kukoinhas made the announcement that Kucoin EU Exchange GmbH is now submitting an application for a MICAL license in Austria’s country. When Kucoin prepares for its entry into the European Union and the European Economic Area (EU/EEA), this application shows the company’s commitment to achieve the highest possible levels of legislation.
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 Micar License. This will ensure that customers have consistent access to Cryptocurrency products and services within a solid regulatory framework. The purpose of this initiative is to adapt to Kucoin’s goal of encouraging openness, trust and liability in the administration of the best digital asset services, with the goal of giving users a trading platform that is both secure and compatible.
The head office 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 recruiting qualified individuals for their operations. The rapid assumption of microphone -related legislation, a stable and predictable regulations and the huge talent pool were the primary factors that led to the choice to choose Austria as a place. Kucoin EU recognizes the efforts that Austria has made, such as those led by the city of Vienna, to provide a framework that is transparent, efficient and the best of its kind for Cryptocurrency companies to function within. This framework is designed to do so at the same time as investors’ interests and encourages innovation in the financial sector.
Kucoin’s CEO BC Wong, who commented on the establishment of the EU hub, said:
“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 the Kucoin EU intends to apply for a Micar application in Austria. This marks a significant milestone in our steady commitment to implementing a global, compatible strategy. When we get a Micar license, we will enter the EEA market, which we consider strategically important. By promoting our compliance efforts, we are prepared to better serve local users with more practical, safe and seamlessly local products and experiences. We remain dedicated to promoting a transparent, responsible and sustainable global digital asset ecosystem. “
Oliver Stauber, a former Director General and Managing Director at Bitpanda, and Christian Niedermueller, a former CEO of another European digital exchange exchange, has been appointed CEOs for Kucoin Eu Exchange GmbH. Both of these individuals are veterans from the European Cryptocurrency industry and experienced economic managers with background in law. Stauber and Niedermueller bring broad expertise in financial market regulation and Crypto Exchange Management to Kucoin, which strengthens the company’s leading position when it navigates in the complexity of Europe’s developing crypto regulations and at the same time ensures a successful and regulatory compatible business in the European Union and the European Union .
Oliver Stauber, CEO of Kucoin EU pronounced:
“I am absolutely proud to go into this trip as CEO of Kucoin EU, where we are set to revolutionize the crypto landscape over the EU and EEA with innovative products and services. At Kucoin EU, our mission is clear: to create Europe’s premiere, regulatory compatible crypto service provider. We are pleased to announce that we will apply for a MICAL license in Austria. After receiving the Micar license, we are committed to delivering safe, compatible and groundbreaking crypto solutions that will redefine confidence and innovation at the EU Fintech Arena. Get ready for a new era in crypto! “
Christian Niedermueller, COO from Kucoin EU stated:
“After scaling another European exchange and having the toes in the digital asset industry for more than 9 years, I am very happy to help bring Kucoin to the next level in Europe. We strive to build a fantastic local team, have a sophisticated localized operating and product set and also strengthen the brand consciousness massively in the coming years. As a Kucoin customer myself since the beginning of 2017, I could not be stronger to support Kucoin now at this stage. “
Kucoin EU will be in a strong position to provide customers for customers in Europe when it has received its Micar license. These services will include access to a variety of digital assets while ensuring compliance with EU rules. Contributing to the widespread assumption of blockchain technology and strengthening the European Union’s position as a leader in the global Cryptocurrency Ecosystem is two of the long-term goals that the company has set for itself.
Although Kucoin is taking this step forward, the exchange continues to maintain its primary focus on promoting innovation and confidence in digital asset space and at the same time adapting its operations to regulations all over the world.
A digital asset broker who is fully consistent with Micar Framework is something that Kucoin EU Exchange GmbH, which is headquartered in Vienna, Austria, is engaged in establishing. Through the use of Kucoin’s groundbreaking technology and the cultivation of the estimated Kucoin brand, the Kucoin EU intends to provide its customers in the European economic field (EEA) with crypto products and services that are both safe and innovative.
Currently, Kucoin EU Exchange GmbH provides no services within the European Union or the European Economic Area (EEA), and it will not start operations until it has obtained necessary licensing.
