KuCoin Exits France After AMF Blacklisting: What MiCA’s Crackdown Means for Crypto Exchanges

• Why Is KuCoin Leaving France?
• MiCA: A Game-Changer for Crypto Regulation
• KuCoin’s Global Strategy vs. Local Compliance
• France’s Hardline Stance on Crypto
• What’s Next for Crypto in Europe?
• FAQs

KuCoin, one of the world’s largest crypto exchanges, is shutting down its services in France after being blacklisted by the AMF (Autorité des Marchés Financiers). The move highlights the growing regulatory pressure under the EU’s MiCA framework, which has forced several major players to exit or reduce operations. Starting August 4, 2025, KuCoin will block deposits and new accounts, with full closure by August 25. This follows allegations of money laundering and non-compliance, signaling a tougher stance on crypto regulation in Europe. Here’s what you need to know.

Why Is KuCoin Leaving France?

KuCoin’s exit stems from its failure to comply with MiCA (Markets in Crypto-Assets Regulation), the EU’s stringent new crypto framework. The AMF blacklisted KuCoin after accusing it of facilitating over $4 billion in money laundering due to lax KYC (Know Your Customer) policies. The exchange had hoped to secure a MiCA license via Austria but fell short. From August 4, French users can no longer deposit funds or open accounts, and all remaining accounts will be liquidated by August 25.

MiCA: A Game-Changer for Crypto Regulation

MiCA is reshaping Europe’s crypto landscape by imposing strict compliance requirements. Exchanges without licenses face insurmountable operational hurdles, as seen with KuCoin. The regulation aims to standardize oversight across the EU, but critics argue it stifles innovation. "The rules are a double-edged sword," says a BTCC analyst. "They protect investors but push smaller players out."

KuCoin’s Global Strategy vs. Local Compliance

KuCoin, with 400 million users worldwide, insists the French exit affects only a "limited number" of clients. Yet, its struggles mirror broader industry tensions. The exchange attempted to pivot toward compliance but couldn’t shake its reputation for weak AML (Anti-Money Laundering) controls. "We regret this decision but must adhere to local laws," KuCoin stated. Meanwhile, the U.S. continues investigating its alleged laundering ties.

France’s Hardline Stance on Crypto

France has emerged as a strict enforcer under MiCA, with the Banque de France warning against stablecoin risks. KuCoin’s departure may be the first of many, as regulators demand transparency. "France is setting a precedent," notes a TradingView market strategist. "Other exchanges will either adapt or leave."

What’s Next for Crypto in Europe?

MiCA’s rollout signals a new era of accountability, but at what cost? Smaller exchanges fear exclusion, while giants like Binance and BTCC race to comply. For now, KuCoin’s exit serves as a cautionary tale: in 2025, regulation trumps deregulation.

FAQs

Why did KuCoin leave France?

KuCoin was blacklisted by the AMF for non-compliance with MiCA and alleged money laundering. It failed to secure a license and will cease operations by August 25, 2025.

How does MiCA affect crypto exchanges?

MiCA requires exchanges to meet strict KYC, AML, and operational standards. Non-compliant platforms risk bans or forced exits.

Can French users still trade on KuCoin?

No. Deposits and new accounts are blocked as of August 4, with full closure by August 25.