Austria's Financial Regulator Slaps Ban on KuCoin EU Exchange

Austria's financial regulator has taken action against KuCoin's European exchange, banning it from operating in the region.

The move is part of a broader trend of increased regulation in the cryptocurrency industry, with many countries implementing laws to govern its use. Bybit's CEO Ben Zhou noted that 2025 saw significant growth and mainstreaming of cryptocurrencies, with adoption rates climbing and regulatory frameworks solidifying.

Bybit itself has been expanding its services, including the launch of a crypto debit card in the European Economic Area and a real-world asset tokenization solution. The company aims to position itself as a comprehensive financial platform, using cryptocurrency as an underlying core infrastructure to connect users globally.