Daily Archives: March 2, 2026

Business Business Kucoin told to halt new EU business due to compliance staffing shortfallsBusiness Austria's financial regulator said Kucoin EU must appoint an anti-money-laundering officer and deputy officer, as well as a sanctions compliance officer and deputy. Feb 23, 2026, 10:24 a.m. Austria's financial regulator said it prohibited the European arm of KuCoin from conducting new business and onboarding customers after the crypto exchange lost key compliance staff just months after gaining a Markets in Crypto Assets (MiCA) permit to operate across the European Union. KuCoin EU no longer has key function holders in anti-money laundering (AML) and prevention of terrorist financing roles, according to a statement from the regulator, the FMA, which granted the license in November. The freeze will last until the firm appoints the necessary compliance reporting staff, it said. The effective...