KuCoin EU Announces Official MiCAR (European Union crypto-asset regulation) Compliance

According to a social media post, KuCoin EU (service of cryptocurrency exchange KuCoin) is now compliant with MiCAR (European Union crypto-asset regulation) after years of uncertainty about availability for European Union users.

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Summary

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Terms & Concepts
  • MiCAR (Markets in Crypto-Assets Regulation): The European Union’s comprehensive crypto-asset framework that sets licensing, disclosure, and consumer-protection rules for crypto service providers.
  • Centralized exchange (CEX): A company-operated cryptocurrency trading platform that holds user funds and matches buy/sell orders off-chain.