Key Highlights
- SIA AlphaRoute received Class 3 MiCA authorization in Latvia for Kanga’s operations.
- Latvia’s central bank approved the license on June 18.
- Authorization enables crypto custody, exchange, and transfer operations throughout the European Union.
- Services will be delivered under the Kanga Exchange EU brand name.
- Authorization arrives while Poland continues to lack MiCA legislation ahead of July 1 implementation date.
Polish cryptocurrency platform Kanga has obtained a MiCA license through Latvia, establishing a regulatory pathway for European market operations. The authorization permits SIA AlphaRoute to deliver services under the Kanga Exchange EU brand throughout the European bloc. This development occurs while Poland continues to work on domestic MiCA legislation ahead of the July 1 implementation date.
Latvian Regulator Grants Authorization for European Operations
Latvia’s central bank issued the Class 3 MiCA authorization on June 18. The institution’s Supervisory Committee provided the approval, as confirmed in an official company announcement.
The authorization encompasses cryptocurrency custody, exchange, and transfer operations across European Union member states. Kanga indicated the approval enables service provision through the EU’s cross-border notification mechanism.
Dominik Tomczyk, CEO of SIA AlphaRoute, stated the organization initiated preparations well before receiving the licensing decision. Kanga launched its Latvian pre-licensing procedures in November 2025 following evaluation of multiple jurisdictions.
“From the very beginning, we knew that we had to use the transitional period,” Tomczyk stated. He noted the organization readied itself for the emerging MiCA regulatory environment.
Kanga indicated additional customer information will be distributed through official communication channels. The platform stated these updates will address operational modifications and service conditions.
The authorization positions the organization within Latvia’s regulatory supervision framework. This provides the Polish-established exchange with a foundation for compliant EU activities.
Polish Legislative Process Encounters Political Obstacles
Kanga obtained the Latvian authorization during Poland’s ongoing work on MiCA implementation legislation. The nation continues to experience political challenges before the July 1 deadline.
President Nawrocki rejected government-supported cryptocurrency legislation for the third time on June 11. He stated the amended versions failed to address his reservations.
He opposed provisions he considered excessively restrictive for cryptocurrency businesses. His rejection left Poland without a completed domestic regulatory framework.
Representatives from Poland 2050 subsequently introduced alternative legislation within Prime Minister Donald Tusk’s coalition government. The alternative proposal incorporates modifications requested by the president, according to its proponents.
The sponsors indicated the draft would reduce certain fees and eliminate specific regulatory requirements. They stated the framework would create more favorable conditions for cryptocurrency companies.
Poland 2050 reportedly called on legislators to expedite the alternative bill through parliamentary procedures. Nevertheless, the country had yet to finalize implementation legislation when Kanga announced the Latvian authorization.
Poland’s cryptocurrency sector faces additional scrutiny from a fraud investigation involving Zonda. Prosecutors calculate customer losses exceeding 350 million zlotys, approximately $92.7 million.
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