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LATEST: Austria bans KuCoin from taking on new business due to lack of compliance staff

Premium February 25, 2026

Representations of cryptocurrency is seen in front of a Kucoin logo in this illustration taken on February 9, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

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NEWS: Deutsche Bank informs regulators about potential sanctions breaches following review by lender’s compliance task force

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ANALYSIS: Is AMLA fit for purpose in the face of deregulation, putting extra burdens on business as security challenges mount?

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By PAUL O’DONOGHUE, Senior Correspondent

AUSTRIA’S financial regulator has barred the European arm of KuCoin from onboarding new customers or launching new products due to a lack of key compliance staff.

The move comes just three months after KuCoin received a MiCA (Markets in Crypto Assets) permit to operate across the EU.

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Premium

NEWS: Deutsche Bank informs regulators about potential sanctions breaches following review by lender’s compliance task force

 Premium

ANALYSIS: Is AMLA fit for purpose in the face of deregulation, putting extra burdens on business as security challenges mount?

 Premium

NEWS: Norway’s supervisor finds ‘serious deficiencies’ in Svenska Handelsbanken’s AML processes

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