Poland-founded cryptocurrency exchange Kanga has successfully navigated the European regulatory landscape by securing a critical Class 3 Markets in Crypto-Assets (MiCA) license in Latvia. Granted on June 18, 2026, by the Bank of Latvia’s Supervisory Committee, the approval was issued to SIA AlphaRoute, operating under the corporate brand Kanga Exchange EU.
This regulatory milestone allows Kanga to leverage MiCA’s cross-border notification procedure to passport its services, including crypto custody, trading, and transfers, across all 27 European Union member states. SIA AlphaRoute’s CEO, Dominik Tomczyk, revealed that the exchange proactively initiated pre-licensing consultations with Latvian authorities back in November 2025 to fully utilize the framework’s transitional window.
Kanga’s strategic pivot to Latvia highlights a deepening regulatory crisis in its home market. Poland remains caught in a severe legislative deadlock just days ahead of the EU’s July 1 transitional deadline. Polish President Nawrocki issued his third consecutive veto against a government-backed crypto bill on June 11, arguing that the proposed compliance guidelines were overly punitive and restrictive for domestic fintech firms.
While the Poland 2050 political party scrambles to fast-track an amended proposal to lower fees and reduce administrative burdens, local industry sentiment has been heavily dampened by a massive ongoing fraud investigation into Zonda, Poland’s largest digital asset platform. With prosecutors estimating Zonda’s customer losses at over 350 million zlotys, Kanga’s successful compliance pivot secures its long-term operational survival in Europe independent of Poland’s political gridlock.
