Kanga Secures EU-Wide Crypto Services with Latvia MiCA License

Kanga, a Polish-founded cryptocurrency exchange, has obtained a Class 3 MiCA license from the Bank of Latvia. This move enables Kanga to provide its services across the European Union.

The license was granted on June 18 and covers activities such as crypto custody, trading, and transfers. According to SIA AlphaRoute's statement, the firm began the pre-licensing process in Latvia in November 2022 after reviewing several jurisdictions.

Kanga emphasized the importance of using MiCA's transitional period to prepare organizationally for the new regulatory framework. The company plans to provide customers with additional details on operational changes and service terms through its official communication channels.

The development comes as Poland remains without MiCA implementation legislation ahead of the EU's July 1 transitional deadline. This has led to uncertainty around local administrative timelines and expectations for compliance documentation in domestic interactions.