Kanga Exchange Review 2026: MiCA Licence, Two Entities and the UOKiK Case

Kanga Exchange is the platform most closely tied to the Polish market: full local currency support, instant bank payments, Polish-language service and a network of physical exchange offices. It also has the most complicated legal history of any exchange we cover — which is why this review devotes a full section to it.

We publish that section openly because readers are entitled to the whole picture: both the charges brought against the operator by Poland’s consumer protection authority and its entry on the financial supervisor’s public warning list, and the fact that the criminal proceedings were discontinued and that discontinuation upheld by a court. Reporting one without the other would mislead.

Disclosure: this review contains affiliate links. If you open an account through our link, ForexRev may receive a commission. It did not shape the content — the section on the UOKiK proceedings and the KNF warning list is published in full.

Where is Kanga Exchange registered, and who holds the licence?

This is the most searched question about this exchange and also the most tangled — because the answer differs depending on which platform you mean.

• Kanga Exchange EU (kangaexchange.eu) — operated by SIA AlphaRoute, a company registered in Latvia. It received its MiCA licence from the Bank of Latvia on 18 June 2026, covering custody of crypto-assets, operating a trading platform, exchange for funds and other crypto-assets, and transfers.
• The global platform — historically operated by Good Solution Investments Limited, based in Belize. This is the company involved in the proceedings described below.

That distinction is critical and rarely appears in other reviews: the MiCA licence belongs to the Latvian company, while the charges concern the Belize company. They are not the same entity, even though they share a brand.

Why does a Poland-based exchange licence itself in Latvia?

Not to avoid supervision, but because Poland’s regulator cannot currently issue a CASP licence at all. The national act implementing MiCA was vetoed and never entered into force, so the Polish supervisor runs no licensing procedures. Polish firms therefore obtain authorisation in another EU member state and return to their home market under the European passport, a mechanism written directly into the MiCA regulation.

The practical consequence: the supervisory authority for Kanga Exchange EU is the Bank of Latvia, and that is where a complaint goes.

The UOKiK proceedings and the KNF warning list — the full picture

This section concerns the operator of the global platform, Good Solution Investments Limited of Belize.

The UOKiK charges. The President of Poland’s Office of Competition and Consumer Protection opened proceedings, alleging two things: disseminating false information about holding approval from the KNF, the Polish financial supervisor, and presenting the service as a “Polish cryptocurrency exchange” when the operator is based in Belize. A breach of collective consumer interests carries a penalty of up to 10% of turnover. We found no final decision closing these proceedings.

The KNF warning list. The Polish Financial Supervision Authority entered the company on its public warning list and notified the District Prosecutor’s Office in Warsaw.

How the criminal case ended. Here is the part many publications omit: the prosecutor discontinued the proceedings on 18 October 2022, and the District Court for Warsaw-Mokotów upheld that discontinuation on 18 April 2025. The criminal thread therefore closed without charges being brought.

How to read this. An entry on the KNF warning list records that a notification was filed — it is not a verdict, and it remains on the list regardless of how the case later develops. Equally, discontinuing the criminal case does not close the separate consumer-protection proceedings run by UOKiK. These are two distinct processes with different subject matter and different status, and only together do they give an accurate picture.

In our view readers should know these facts before opening an account and weigh them themselves. Our guide on how to verify a licence explains how to check any entity’s standing.

Local currency support — the strongest part of the offer

On local currency handling Kanga outperforms every other exchange in this section:

• Ordinary bank transfer in the local currency — no conversion to euro.
• Instant national payment methods for immediate funding.
• Trading pairs denominated in the local currency, avoiding double conversion.
• Native-language platform and support — genuine service, not merely a translated interface.

There is also something no other exchange here offers: a network of physical exchange offices where cryptocurrency can be bought for cash. Be aware, though, that these branches operate on a franchise basis and charge their own cash commission, noticeably higher than the cost of an online transaction.

What Kanga lacks — worth knowing

An honest review must name the limitations, and here they are real:

• A narrow selection of cryptocurrencies compared with large global exchanges.
• Thin liquidity outside the most popular pairs — on larger orders the executed price can diverge noticeably from the quote.
• No published proof of reserves, which some exchanges provide as evidence that client funds are backed.
• No guarantee fund — as with every exchange, a licence is not the equivalent of bank deposit protection.
• A complex ownership structure — the split between a Latvian company and a Belize entity makes it harder to establish who is responsible for what.

Kanga compared with other MiCA-licensed exchanges

The full comparison is in our crypto exchange section, with details in our reviews of Bybit and Kraken.

Pros and cons

Strengths:

• The broadest local currency support of any exchange reviewed here.
• MiCA licence for the European entity (SIA AlphaRoute, Bank of Latvia).
• Native-language platform and genuine local support.
• A network of physical exchange offices — cash purchases, available nowhere else.
• Simpler tax reporting thanks to local currency pairs.

Weaknesses:

• UOKiK charges against the global platform’s operator — with no final decision.
• Entry on the KNF public warning list, despite the criminal case being discontinued.
• Narrow coin selection and thin liquidity outside the main pairs.
• No published proof of reserves.
• A complex ownership structure that obscures responsibility.
• Higher commissions at physical branches than online.

Frequently asked questions

Legal status and data verified in September 2026. Information about regulatory proceedings reflects the position on the date of publication and may change. This article is informational, is not investment advice, and does not constitute an assessment of any party’s guilt.