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Austria's Financial Market Authority has announced that its has partially suspended its approval for KuCoin EU Exchange GmbH under the EU's Markets in Crypto Assets regulations.
The suspension means that KuCoin is unable to take on new customers, conclude new contracts, or offer new services.
The suspension is based on the the loss, without replacement, of a Anti-Money Laundering Officer and a Sanctions Compliance Officer.
The FMA has stated that the suspension will remain in place while those positions remain unfilled.
Disclaimer: This Alert has been prepared and published for informational purposes only and is not offered, nor should be construed, as legal advice. For more information, please see the firm's full disclaimer.
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