Kucoin told to halt new EU business due to compliance staffing shortfalls

Austria's financial regulator said Kucoin EU must appoint an anti-money-laundering officer and deputy officer, as well as a sanctions compliance officer and deputy. What to know : The Austrian regulator said KuCoin EU no longer has suitable key function holders for anti-money laundering, terrorist financing compliance and financial sanctions roles. The FMA granted Kucoin approval under the Markets in Crypto Assets regime in November.