The CFTC has barred Peken Global Limited, operator of KuCoin, from serving U.S. users unless it registers as a foreign board of trade, following a related $297 million DOJ enforcement action.
Japan's financial watchdog has flagged crypto exchange KuCoin for offering over-the-counter (OTC) crypto derivatives without the required registration. The action follows prior scrutiny over the platform providing products and services in Japan without proper authorization.
Dubai’s Virtual Assets Regulatory Authority (VARA) has ordered entities linked to KuCoin to stop all unlicensed crypto activities, saying the exchange is not authorized to provide services to Dubai residents. The directive signals stricter enforcement of local licensing rules.
Dubai regulator VARA issued a market alert directing KuCoin and related entities to stop providing virtual asset services to Dubai residents, saying they lack UAE authorization. The notice names Phoenixfin Pte Ltd, MEK Global Limited, and Peken Global Limited.
Austria’s financial regulator has ordered KuCoin EU to stop onboarding new EU users and to appoint both primary and deputy AML and sanctions compliance officers. The directive cites compliance lapses and requires strengthened governance for anti-money-laundering and sanctions controls.
KuCoin has appointed former London Stock Exchange Group executive Sabina Liu to head its EU operations from Vienna, focusing on MiCA-era expansion. The hire underscores a compliance-first strategy as the exchange adapts to evolving EU rules.
KuCoin will use its newly granted MiCA license to power crypto payments and rewards at Tomorrowland festivals across Europe, creating a regulated on-ramp for fans. The deal aims to integrate compliant ticketing, in-venue payments and tokenized rewards under the EU framework.
Belarusian regulators have banned major exchanges Bybit, OKX and KuCoin for failing to meet national advertising standards, citing 'indecent' promotional content. The move tightens oversight and could restrict local access to those platforms.
KuCoin has been granted a MiCAR license in Austria, allowing its European entity to provide regulated crypto services across 29 EEA countries. The approval is a major milestone in the exchange’s compliance and expansion strategy.
KuCoin EU has obtained a MiCA license from Austria’s Financial Market Authority, authorizing it to operate in 29 EEA countries. Malta is explicitly excluded from the authorization.