The Austrian Financial Market Authority (FMA) has prohibited KuCoin EU from initiating new business activities and onboarding new clients due to the absence of a key anti-money laundering (AML) and counter-terrorism financing compliance officer. This decision comes just months after the exchange received a MiCA license, allowing it to operate across the European Union. The FMA stated that the freeze will remain in place until the compliance position is filled. KuCoin has announced efforts to expand its compliance team in Austria and fill the vacant role.