Overview
- Austria’s Financial Market Authority imposed an immediate prohibition on KuCoin EU signing new contracts or onboarding customers across its MiCA scope.
- The regulator said the exchange no longer has an AML officer and deputy or a sanctions compliance officer and deputy, which are mandated key functions.
- The onboarding ban will stay in force until those posts are filled and validated by the FMA under Austrian anti‑money‑laundering rules.
- KuCoin EU said it is expanding its Vienna compliance team and recruiting experienced local professionals, according to managing director Sabina Liu.
- The action follows KuCoin EU’s November MiCA authorization and reflects closer post‑licensing oversight as Vienna attracts other exchanges such as Bitpanda, Bybit, and Bitget.