Union

Bank

Prime

Wednesday

Kanga, a crypto exchange founded in Poland, said it has obtained a Markets in Crypto-Assets Regulation (MiCA) license in Latvia, allowing it to provide services across the European Union in accordance with the cross-border notification procedure under the framework.
SIA AlphaRoute, operating under the Kanga Exchange EU brand, received a Class 3 MiCA license from the Bank of Latvia after its Supervisory Committee approved the authorization, according to a Wednesday statement shared with Cointelegraph.
The license was granted on June 18 and authorizes the company to provide services, including crypto custody, trading and transfers, across the EU, said the exchange.
Kanga's approval comes as Poland remains without MiCA implementation legislation ahead of the EU's July 1 transitional deadline, with lawmakers still trying to break a deadlock <a href="https://cointelegraph.com/news/polish-president-vetoes-crypto-bill-third-time-mica-deadline" rel="noopener noreferrer nofollow">following three presidential vetoes</a>.
<img alt="" height="907" src="https://s3-images.ctmedia.io/media/content/pasted-image-1668.png" width="651">
Source: <a href="https://x.com/KangaExchange/status/2068251986181382442" rel="noopener noreferrer nofollow">Kanga</a>
<h2 id="kanga-s-path-to-eu-wide-operations">Kanga’s path to EU-wide operations</h2>
Kanga began the pre-licensing process in Latvia in November 2025 after reviewing several jurisdictions, according to SIA AlphaRoute CEO Dominik Tomczyk.
“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,” Tomczyk said.
Related: <a href="https://cointelegraph.com/news/binance-eu-license-greece-mica-setback" rel="noopener noreferrer nofollow">Binance withdraws Greece-filed MiCA application</a>
The company said it will provide customers with additional details about operational changes and service terms through its official communication channels.
<h2 id="poland-s-mica-deadlock">Poland's MiCA deadlock</h2>
President Nawrocki <a href="https://cointelegraph.com/news/polish-president-vetoes-crypto-bill-third-time-mica-deadline" rel="noopener noreferrer nofollow">vetoed a government-backed crypto bill</a> for a third time on June 11, saying successive versions failed to address his objections, including provisions he considered overly burdensome for crypto companies.
Members of the Poland 2050 party, part of Prime Minister Donald Tusk's governing coalition, have since reportedly <a href="https://businessinsider.com.pl/biznes/ratunkowy-projekt-ustawy-o-kryptowaktywach-wraca-do-sejmu-po-wecie-prezydenta/g1tv59t" rel="noopener noreferrer nofollow">submitted</a> a new proposal incorporating several changes requested by the president.
According to the bill's sponsors, the proposal would reduce some fees, remove certain regulatory provisions and make the framework less restrictive for crypto companies. Poland 2050 reportedly called for the legislation to be fast-tracked through parliament.
Poland's crypto sector also faces heightened scrutiny following <a href="https://cointelegraph.com/news/zondacrypto-license-partial-suspension-estonia" rel="noopener noreferrer nofollow">a fraud investigation into Zonda</a>, the country's largest crypto exchange, where prosecutors estimate customer losses exceed 350 million zlotys (about $92.7 million).
Magazine: <a href="https://cointelegraph-magazine.com/bitcoin-price-xrp-ethereum-sell-off-goldman-sachs-gold-market-moves/" rel="noopener noreferrer nofollow">Bitcoin decouples from tech stocks, Ether eyes ‘selling wave’: Market Moves</a>

Polish crypto exchange Kanga secures MiCA license in Latvia

Table of Contents

Cointelegraph

Other articles published on Jun 26, 2026

Join our free newsletter for daily crypto updates!