KuCoin EU’s Austrian FMA Ban and ALT Market
The Austrian Financial Market Authority (FMA) has banned new business activities of KuCoin EU Exchange for violating internal organizational requirements related to Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and financial sanctions. This Thursday’s decision prevents Vienna-based KuCoin from accepting new customers and offering new contracts or products in existing relationships until key compliance functions are filled.
KuCoin’s new business ban. Source: FMA
KuCoin EU General Manager Sabina Liu told Cointelegraph that two AML and sanctions compliance officers had left, which is common in regulated sectors, and recruitment had already begun. The company voluntarily stopped accepting new users and some trading activities. The issue is limited in scope, and no long-term impact on the European strategy is expected. KuCoin made Vienna its European hub by obtaining a MiCA license months ago and aims for compliance-focused growth. The FMA intervention shows that MiCA-approved firms may face swift scrutiny for personnel and governance deviations; unauthorized CASPs across Europe must cease operations by 2026. This development could affect tokens like ALT traded on ALT detailed analysis platforms.
ALT Technical Outlook: Supports and Resistances
ALT’s current price is $0.01, experiencing a -2.88% drop in 24 hours. RSI at 31.65 level gives an oversold signal, but downtrend and bearish Supertrend dominate. Below EMA 20: $0.0086.
- Supports: S1 $0.0069 (72/100 ⭐ Strong, -%7.01), S2 $0.0074 (68/100 ⭐ Strong, -%0.27)
- Resistances: R1 $0.0137 (63/100 ⭐ Strong, +%84.64), R2 $0.0082 (61/100 ⭐ Strong, +%10.51)
With KuCoin restrictions, ALT futures volume should be monitored. In the short term, S2 may be tested; follow the supports for ALT spot analysis.
Source: https://en.coinotag.com/kucoins-austria-aml-ban-to-the-eu-alt-technical
