Why did Kanga obtain a Bitcoin (CRYPTO) MiCA licence in Latvia?

Kanga obtained a MiCA licence in Latvia to provide regulated Bitcoin (CRYPTO) and cryptocurrency services across the European Union. The Class 3 licence allows the exchange to offer custody, trading and transfer services under MiCA's cross-border framework.

What services can Kanga offer under its Bitcoin (CRYPTO) MiCA licence?

Kanga's MiCA licence authorises the exchange to provide Bitcoin (CRYPTO) custody, cryptocurrency trading and digital asset transfer services throughout the European Union. The licence was granted by the Bank of Latvia on 18 June.

How is Poland's Bitcoin (CRYPTO) regulation affecting Kanga?

Poland has not yet implemented MiCA legislation for Bitcoin (CRYPTO) and other digital assets after repeated presidential vetoes. Kanga chose to obtain its licence in Latvia instead, allowing it to continue expanding across the European Union.

What does Kanga's approval mean for Bitcoin (CRYPTO) regulation in Europe?

Kanga's approval demonstrates that Bitcoin (CRYPTO) exchanges can obtain authorisation in one EU member state and use MiCA's passporting framework to provide regulated services across the bloc. The licence supports cross-border operations under a common regulatory regime.

Why did Kanga begin its Bitcoin (CRYPTO) licensing process before MiCA took effect?

Kanga said it started preparing for Bitcoin (CRYPTO) regulation in November 2025 to use MiCA's transitional period. According to the company, early preparation helped position the business to operate under the European Union's new regulatory framework.

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Kanga secures Latvia MiCA crypto licence

Written by Jon CuthbertPublished Jun 26, 2026, 1:53 AM

Kanga has received a Class 3 MiCA licence in Latvia, allowing the exchange to offer regulated crypto services across the European Union.
The approval comes as Poland has yet to implement MiCA legislation ahead of the European Union's 1 July transition deadline.
The licence allows Kanga to provide crypto custody, trading and transfer services throughout the EU under MiCA's cross-border framework.

Kanga Exchange EU, operated by SIA AlphaRoute, has received a Class 3 Markets in Crypto-Assets (MiCA) licence from the Bank of Latvia, allowing the Poland-founded cryptocurrency exchange to provide regulated services across the European Union.

The licence, granted on 18 June, authorises Kanga to offer cryptocurrency custody, trading and transfer services across EU member states through MiCA's cross-border notification framework.

“From the very beginning, we knew that we had to use the transitional period provided for under the MiCA regulation to prepare the organisation to operate within the new regulatory framework,” said SIA AlphaRoute chief executive Dominik Tomczyk.

Kanga said it began the licensing process in Latvia in November 2025 after assessing several jurisdictions and will provide customers with further details about operational changes through its official communication channels.

The approval comes as Poland continues debating MiCA implementation after President Karol Nawrocki vetoed government-backed cryptocurrency legislation for a third time, prompting lawmakers to prepare a revised proposal.

The latest draft reportedly reduces some regulatory fees, removes selected compliance provisions and aims to make the framework less restrictive for cryptocurrency businesses while seeking faster parliamentary approval.

Kanga's authorisation also comes as Poland's cryptocurrency sector faces increased scrutiny following an investigation into alleged fraud at Zonda, where prosecutors estimate customer losses exceed 350 million zlotys, or about US$92.7 million.