The Austrian Financial Market Authority (FMA) granted KuCoin EU Exchange GmbH an authorisation as a crypto-asset service provider on 27.11.2025. At that time, the key functions of Anti-Money-Laundering Officer (AML Officer) and Sanctions Compliance Officer and their respective deputies, were filled in accordance with the EU Regulation on Markets in Crypto-Assets (MiCAR) and the Financial Markets Anti-Money Laundering Act (FM-GwG; Finanzmarkt-Geldwäschegesetz). Since that was subsequently no longer the case, the FMA ordered the prohibition on conducting new business on 19.02.2026. In the meantime, the key functions listed above have once again been filled in an orderly manner, with the effect that the prohibition of new business was lifted on 18.05.2026.
However, the commencement of business operations still remains inadmissible due to an administrative decision dated 18.02.2026 under the MiCAR Enforcement Act (MiCA-VVG; MiCA-Verordnung-Vollzugsgesetz), since all conditions under supervisory law have not yet been fully met. In particular, these relate to governance requirements as well as the filling of additional key functions in the senior management.