Home
Cryptocurrency
Cryptocurrency News
Polish Exchange Kanga Granted MiCA Licence in Latvia, Set to Offer Services Across Europe

Polish Exchange Kanga Granted MiCA Licence in Latvia, Set to Offer Services Across Europe

Latvian approval enables Kanga to offer regulated crypto services across the EU.

Written by Rahul Dhingra, Edited by David Delima | Updated: 25 June 2026 18:18 IST

Polish Exchange Kanga Granted MiCA Licence in Latvia, Set to Offer Services Across Europe

Photo Credit: Unsplash/Kanchanara

Latvia authorises Kanga to expand regulated crypto services across the EU

Click Here to Add Gadgets360 As A Trusted Source

Highlights

Kanga receives MiCA Class 3 licence from the Bank of Latvia
Approval allows passporting of services across the European Union
Poland is yet to implement MiCA before the July 1 deadline

Kanga, a cryptocurrency exchange platform based in Poland, announced that it has received a licence from Latvia for the Markets in Crypto-Assets Regulation (MiCA). Under this licence, Kanga will be able to offer its services across the European Union (EU). SIA AlphaRoute, which trades as Kanga Exchange EU, has been issued a MiCA Class 3 license by the Bank of Latvia following the authorisation decision made by its Supervisory Committee. The licence was issued on June 18 and allows the business to provide various services such as crypto custody, trading, and transfer within the EU.

Licence Enables EU-Wide Crypto Custody, Trading and Transfer Services

This approval arrives after Poland failed to implement the MiCA law amidst the July 1 deadline set by the EU because of three presidential vetoes. The company has announced that it will give more information regarding the new service to customers via its official communication channels.

Crypto Regulations Discussion

Explore More...

According to SIA AlphaRoute CEO Dominik Tomczyk, Kanga began the pre-licensing process in Latvia in November 2025 after reviewing several jurisdictions. He said, “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.”

Binance Withdraws MiCA Filing Submitted in Greece, Days Ahead of Deadline

Earlier today, Binance crypto exchange withdrew its application for MiCA licensing with the Hellenic Capital Market Commission (HCMC), Greece, and plans on applying for licensing in some other member state only a few days ahead of the EU deadline. According to Gillian Lynch, Binance's head of Europe and the UK, had contacted other regulators but filed an application only in Greece.

In June, several other crypto exchanges had also achieved MiCA licence, just days before the deadline, one of them is WhiteBIT, which had secured MiCA from the Austrian Financial Market Authority (FMA). According to WhiteBIT, the licence will facilitate the roll-out of a specific platform in Europe, which is whitebit.eu.

OpenPayd also recently obtained authorisation, and the firm is able to provide crypto services within the European Economic Area (EEA) through passporting. This licence has been issued by the Malta Financial Services Authority (MFSA). Moreover, the same regulator had also granted MiCA licences to crypto companies, including OKX and Gemini.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Crypto Regulations, MiCA, EU

Rahul Dhingra

Email Rahul Dhingra

Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More