Kanga Exchange has obtained a MiCA license in Latvia — a new step towards European expansion
Polish crypto exchange Kanga Exchange has officially obtained a license under the MiCA (Markets in Crypto-Assets) regulation. The permit was issued by the Latvian regulator, the Bank of Latvia, to the operator SIA AlphaRoute, which operates under the Kanga Exchange EU brand.
What does the new license provide?
The license was approved on June 18. It grants the company a full range of rights to operate in European Union countries: custody of clients' crypto assets, management of a trading platform, exchange of digital assets, and provision of transfer services. This allows Kanga to legally scale its business across the entire EEA region.
Why is this important for the market?
Obtaining a MiCA license is not just a formality but a strategic move. Amid tightening regulation in the EU, having such a permit becomes a competitive advantage. Kanga, founded in Poland, can now attract institutional investors who demand transparency and legal protection. Moreover, it sends a signal to other Eastern European exchanges: the regulatory environment in Latvia is becoming attractive for obtaining a "passport" to the entire European Union.
Expert opinion
From my perspective, this step strengthens Kanga's position as one of the key players in the CEE region. However, success will depend on how quickly the exchange can adapt its trading products to MiCA requirements, especially in terms of AML and consumer protection. In the long term, the license could serve as a springboard for entering larger markets, such as Germany or France.