KuCoin EU hires new AML chief after Austria ban on new business under MiCA

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Notable AML-Related Penalties in 2025. Source: CertiK At a group level, KuCoin has also faced regulatory action in other jurisdictions. In January 2025, it agreed to pay nearly $300 million and exit the US market for two years in a criminal resolution over unlicensed money-transmission and AML failures, the Wall Street Journal reported at the time. On March 30, the parent company of KuCoin agreed to pay a $500,000 civil penalty to settle a case by the US Commodity Futures Trading Commission alleging it operated an unregistered offshore commodities exchange. Earlier that same month, KuCoin received a warning from Dubai’s Virtual Assets Regulatory Authority over allegedly offering virtual asset services in the emirate without the required local licence. Whether the hires are enough to restore normal operations under KuCoin EU’s Austrian authorization now depends on the FMA’s assessment of whether the required control functions have been fully and suitably restored. Cointelegraph reached out to KuCoin EU for comment, but had not received a response by publication. Magazine: How AI just dramatically sped up the quantum risk for Bitcoin

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