Kanga becomes one of the first Eastern European exchanges to secure a MiCA license, amid Poland’s regulatory uncertainty and a $92.7 million fraud probe.
Polish cryptocurrency exchange Kanga has obtained a Markets in Crypto-Assets (MiCA) license in Latvia, following a pre-licensing process initiated in November 2025. The move comes as the exchange seeks regulatory clarity under the EU’s new framework, which took effect in mid-2024.
Kanga’s CEO Dominik Tomczyk stated the transitional period under MiCA was critical for preparing the organization. The license follows Binance’s withdrawal of its Greece-filed MiCA application earlier this year. Meanwhile, Poland’s crypto sector faces challenges, including a vetoed government-backed bill and a fraud investigation into rival exchange Zonda, with estimated losses of 350 million zlotys ($92.7 million).
The exchange will update customers on operational changes through official channels. Poland’s ruling coalition has reportedly submitted a revised crypto bill addressing presidential objections, aiming for a less restrictive framework.