Tag: KuCoin

According to RatEx42, the crypto exchange KuCoin has been classified as DAREX Tier D — Material Regulatory Transition Exposure. The classification follows supervisory action by Austria’s FMA, which prohibited KuCoin’s EU entity from conducting new business. The case highlights how even MiCA-authorized structures can face significant operational continuity risks.

FinTelegram sounded the alarm. We exposed the gaping holes, the glaring red flags, and the staggering audacity of the regulatory maneuvers. Now, the inevitable has happened: The Austrian Financial Market Authority (FMA) has officially stepped in, delivering a crushing blow to KuCoin EU Exchange GmbH. In a decisive move, the regulator has outright prohibited the crypto exchange from conducting any new business

A BaFin special audit has found 16 deficiencies at Bitpanda’s German subsidiary, including serious weaknesses in risk management, IT and outsourcing. Yet Bitpanda’s home regulator, Austria’s FMA, is simultaneously building a MiCA “crypto hub” in Vienna – licensing Bitpanda and other high-risk players – with Austrian lawyer Oliver Stauber among the key architects.tick

Austria’s Financial Market Authority (FMA) has turned Vienna into a MiCA hub – and a single Viennese lawyer, Oliver Stauber, keeps appearing at the front door. First KuCoin, now Bitget: both global exchanges with serious regulatory baggage, both pushing their EU entry via Austria, both with Stauber as CEO or managing director at the licensing stage. From a compliance perspective, this “rent-a-CEO” model looks increasingly problematic.

Viennese lawyer and long-time Social Democratic (SPÖ) networker Oliver Stauber has moved from running a Social Democratic “think tank” under former chancellor Christian Kern to running KuCoin’s new EU hub in Vienna. He managed to have KuCoin MiCA-licensed by the Austrian regulator FMA!

Viennese lawyer Oliver Stauber is now CEO of KuCoin EU and one of the central figures of Austria’s emerging “MiCA hub.” A long-time crypto lawyer, former Chief Legal Officer of Bitpanda, FinTech adviser to the Austrian government and vice president of the Digital Assets Association Austria (DAAA), he sits exactly at the intersection of politics, regulation and high-risk exchanges like KuCoin.

Seychelles-born, Hong Kong-owned, U.S.–sanctioned KuCoin has just won one of Europe’s most coveted trophies: a MiCA CASP licence from Austria’s FMA via KuCoin EU Exchange GmbH. This licence gives KuCoin passported access to (almost) the entire EEA – despite a fresh U.S. criminal guilty plea for unlicensed money transmission and serious AML failures.

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

Seychelles-based KuCoin, one of the largest crypto exchanges globally, pleaded guilty in the U.S. to operating an unlicensed money transmitting business and agreed to pay $297 million in fines and forfeitures. The settlement highlights failures in anti-money laundering (AML) and compliance practices, forcing KuCoin to exit the U.S. market for two years.

In the current crypto bull run, a troubling trend has emerged: more and more crypto exchanges are aggressively promoting...

Binance, the world's largest crypto exchange, has been fined approximately $2.2 million (18.82 crore INR) by India's Financial Intelligence Unit (FIU) for non-compliance with the country's anti-money laundering (AML) regulations, the authority announced. This is the next billion-dollar payment for Binance after the $4.2 billion settlement with US authorities in the US. Binance is also under massive pressure in Nigeria.

Crypto giants Binance and KuCoin, which left India after a regulatory blockade, are set for a comeback after the global exchanges applied for registration and compliance in the country. In December, India's Financial Intelligence Unit (FIU) called to block web addresses of a number of global crypto firms that were not registered in the country over concerns that some of them may be misused for money laundering.