Polish Crypto Exchange Kanga Secures MiCA License in Latvia

Poland-founded crypto exchange Kanga has secured a Class 3 license under the European Union’s Markets in Crypto-Assets framework in Latvia, giving the company a regulatory route to provide crypto services across the EU.

The development matters because MiCA is becoming a central rulebook for crypto companies operating in Europe. For exchanges, authorization under the framework can help clarify where and how they are allowed to serve customers across member states.

Kanga’s move also highlights how crypto firms may seek licensing in one EU jurisdiction while regulatory discussions continue elsewhere. In this case, the company obtained approval in Latvia as Polish lawmakers continue debating the implementation of the framework.

For users and market participants, the license adds another example of how European crypto businesses are adapting to MiCA’s rollout. The framework is reshaping compliance expectations for companies that want to operate at scale within the bloc.

Kanga’s Latvian authorization positions the Poland-founded exchange within that new regulatory structure, though the broader impact will depend on how the company uses the license and how national implementation proceeds across the EU.