Kanga Secures MiCA License in Latvia for EU Expansion

Kanga obtains a Class 3 MiCA license from Latvia's central bank, enabling crypto custody and trading services across the European Economic Area.

The license was issued by the central bank of Latvia on June 18, granting the company the right to provide services across all countries in the European Economic Area (EEA) through the “passporting” mechanism. This authorization allows Kanga to offer custodial services, crypto-asset trading, and digital asset transfers without needing separate licenses in each member state.

The approval arrives just days before July 1—the date marking the end of the transition period for crypto-asset service providers operating under national regimes. After this deadline, companies must hold a MiCA license to legally serve clients within the European Union.

Latvia becomes an entry point to the European market

Kanga began preparing for this licensing process in November 2025, selecting Latvia as its regulatory base for European expansion. According to company management, the MiCA transition period was utilized to build the necessary compliance systems to meet new European requirements.

The choice of Latvia was strategic. In recent months, the country has established itself as a preferred jurisdiction for crypto companies seeking rapid access to the single European market through a centralized licensing regime.

This decision allows Kanga to avoid potential delays in Poland, where the legislative process for the full implementation of MiCA is still ongoing. Instead of waiting for local rules to be finalized, the company can now expand its operations throughout the EU via its Latvian license.

MiCA raises the bar for crypto companies

The Class 3 license is among the most thorough authorizations under MiCA, designed for platforms that simultaneously manage crypto-asset trading and provide custody services for client funds.

To obtain such a permit, companies must meet stringent requirements regarding corporate governance, client asset protection, anti-money laundering measures, cybersecurity, and operational risk management. Following its licensing, Kanga will remain under the continuous supervision of the central bank of Latvia in accordance with unified European standards.

Securing this license is part of a broader trend where crypto companies are accelerating licensing procedures before the final implementation of MiCA. In recent weeks, several major industry players have announced regulatory approvals in Luxembourg, Austria, and other nations to ensure uninterrupted access to the European market.

For Kanga, the new license represents a vital strategic step at a time when regulation is becoming a primary competitive advantage in the crypto industry. With MiCA’s entry, companies holding European authorization will find it significantly easier to attract both individual investors and institutional clients, who increasingly demand licensed service providers.

You can also explore the best no-KYC crypto exchanges in 2026, which analyzes interesting solutions for trading without identification. The article examines which exchanges offer a combination of anonymity, liquidity, and security, as well as the risks involved in using them.