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Cryptocurrency platform Kanga has obtained a Class 3 MiCA license in Latvia, allowing the company to offer services across the European Union while lawmakers in Poland continue to debate the implementation of the bloc's crypto regulatory framework.
The license was granted to SIA AlphaRoute, which operates under the Kanga Exchange EU brand. Approval was issued by the Bank of Latvia following a positive decision by the supervisory committee.
According to the company, the license was approved on June 18, 2026. It authorizes Kanga to provide digital asset custody, trading, and transfer services throughout the EU under MiCA's passporting framework.
Dominik Tomczyk, CEO of SIA AlphaRoute, said the company began preparing for licensing in Latvia as early as November 2023 after evaluating several jurisdictions.
Kanga takes advantage of the MiCA transition period
Tomczyk said the platform had planned from the outset to make use of MiCA's transition period. During that time, the company adapted its business to the new regulatory framework ahead of the July 1 deadline.Kanga also said it will separately notify customers through its official communication channels about upcoming changes to the platform and its terms of service.
Obtaining a Latvian license enables the exchange to expand across the EU without waiting for Poland to complete its own legislative process, where a comprehensive legal framework for MiCA has yet to be adopted.
Poland continues debate over crypto regulation
Meanwhile, on June 11, Poland's president vetoed the government's cryptocurrency regulation bill for the third time. He argued that the latest version failed to address his previous concerns and continued to impose excessive burdens on industry participants.Following the veto, members of the governing coalition's Poland 2050 party introduced a revised proposal. The new draft reduces certain regulatory fees, removes some compliance requirements, and eases obligations for crypto companies.
Earlier, Alec Stapp, Director of Innovation at the Progressive Policy Institute, noted that over the past 35 years Poland has transformed from an economy comparable to Iran's into one of Europe's fastest-growing economies.
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