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KuCoin was ordered by Austria’s FMA to halt concern successful the EU due to the fact that of a shortfall successful AML and compliance staff.
Apr 29, 2026, 9:27 a.m.
The European limb of planetary cryptocurrency speech KuCoin has hired anti-money laundering (AML) and compliance expertise successful a bid to appease its regulator, which precocious demanded the speech halt business successful Europe owed to a staffing shortfall.
KuCoin EU, which holds a Markets successful Crypto Assets (MiCA) licence from Austria’s FMA, appointed Carmen Kleinhans arsenic anti-money laundering serviceman (AMLO), alongside the enlargement of its broader AML function, the institution said successful a property merchandise connected Wednesday.
The speech besides hired Austrian compliance veterans Stephan Klinger and Bernd Träxler arsenic lawman anti-money laundering officers.
KuCoin EU Managing Director Sabina Liu said the speech had “communicated fully” with the FMA erstwhile the enactment happened successful February.
“We ever support a precise transparent, unfastened dialog with them, and the different mode astir arsenic well. They person been precise honest, transparent and precise supportive of us,” Liu said successful an interview. “Since February, we person been looking to fortify the full compliance team, making galore appointments. So it is rather a ample squad now.”
KuCoin has had a unsmooth emergence of late, having been barred from the U.S. aft a Commodity Futures Trading Commission (CFTC) order and being slapped by Dubai’s VARA regulator for operating without the due license.
Liu was incapable to supply a timeline for erstwhile the Austrian regulator would let KUCoin EU to resume operations successful Europe. “I deliberation everything needs to beryllium successful treatment with the FMA,” she said.
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