Crypto Exchange KuCoin Says It Will Stop Serving Customers in Russia and Belarus
The exchange will let affected users close positions and withdraw assets after similar restrictions by Bitget and MEXC earlier in October.
- Seychelles-Based exchange KuCoin announced on Thursday it will discontinue services for users in Russia and Belarus, citing applicable legal and regulatory requirements.
- Regulatory compliance prompted the withdrawal as KuCoin aligns its global operations with evolving international legal requirements across its service regions.
- The platform serves around 45 million customers in more than 200 countries, with daily trading volume of about $1.2 billion on CoinMarketCap.
- Affected users will receive individual notices outlining deadlines and instructions for withdrawing funds as part of an "orderly termination process," the exchange said.
- Similar restrictions from Bitget and MEXC followed in October, while The European Union previously sanctioned HTX in July for facilitating sanctions circumvention.
14 Articles
14 Articles
Crypto Exchange KuCoin Ends Services for Users in Russia and Belarus
Cryptocurrency exchange KuCoin has stopped serving users in Russia and Belarus, becoming the third major trading platform this month to announce such restrictions, RBC Crypto reported Thursday.
A major international crypto-bird, KuCoin, has stopped providing services to users from Russia and Belarus because of legislative and regulatory requirements; restrictions affect access to all the platform ' s products, services and functions; the company plans to ensure the orderly completion of the service so that affected users can close their positions and withdraw their assets, informs RIA News. Users affected by changes will receive n…
Crypto exchange KuCoin has stopped serving users from Russia and Belarus following Bitget and MEXC platforms, reports The Moscow Times. Restrictions apply to all goods and services of the exchange.
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
