Kanga Exchange From Poland Obtains Class 3 MiCA Authorization Through Latvia
Crypto exchange Kanga, which originated in Poland, has obtained Class 3 MiCA authorization via Latvia, allowing the platform to offer cryptocurrency services throughout the EU while Poland's legislators continue discussions on implementing the regulatory framework.
A cryptocurrency exchange with Polish origins, Kanga, announced it has successfully acquired a Markets in Crypto-Assets Regulation (MiCA) license through Latvia, which permits the platform to offer its services throughout the European Union under the framework's cross-border notification procedure.
Operating as Kanga Exchange EU, SIA AlphaRoute obtained Class 3 MiCA authorization from Latvia's central bank following the approval by its Supervisory Committee, as disclosed in a statement provided to Cointelegraph on Wednesday.
The authorization, which was issued on June 18, permits the firm to deliver services throughout the EU, including cryptocurrency custody, trading operations, and transfer services, the exchange confirmed.
The licensing achievement for Kanga arrives during a period when Poland has yet to adopt MiCA implementation legislation in advance of the EU's transitional deadline of July 1, as legislators work to resolve an impasse following three vetoes from the president.
Kanga's path to EU-wide operations
According to SIA AlphaRoute CEO Dominik Tomczyk, Kanga initiated the pre-licensing procedures in Latvia during November 2025 following an evaluation of multiple jurisdictions.
"From the very beginning, we knew that we had to use the transitional period provided for under the MiCA regulation to prepare the organisation to operate within the new regulatory framework,"
Dominik Tomczyk, SIA AlphaRoute CEO
According to the firm, it plans to furnish customers with further details regarding operational modifications and service terms via its official communication platforms.
Poland's MiCA deadlock
On June 11, President Nawrocki exercised his veto power for the third time against a government-supported cryptocurrency bill, stating that consecutive iterations had not adequately addressed his concerns, including stipulations he viewed as excessively burdensome for cryptocurrency businesses.
Subsequently, members belonging to the Poland 2050 party, which forms part of Prime Minister Donald Tusk's ruling coalition, have reportedly introduced a fresh proposal that incorporates multiple modifications requested by the president.
Based on statements from the bill's sponsors, the new proposal aims to lower certain fees, eliminate specific regulatory stipulations, and establish a less restrictive framework for cryptocurrency businesses. Poland 2050 has reportedly advocated for the legislation to receive expedited processing through parliament.
Poland's cryptocurrency industry is simultaneously facing increased scrutiny in the wake of a fraud investigation concerning Zonda, which is the nation's largest cryptocurrency exchange, with prosecutors estimating that customer losses surpass 350 million zlotys (approximately $92.7 million).