Key Highlights: OKX has proactively acted ahead of a 30-day FinCEN transition period concerning MEXC, moving immediately to restrict incoming transfers. Users are experiencing frozen Tether ($USDT) deposits on both TRC20 and ERC20 networks when routed directly from MEXC to OKX. OKX founder Star Xu advised users to steer clear of direct transfers from MEXC ...
Key Highlights: OKX users are reporting asset freezes and risk reviews when attempting to deposit funds transferred directly from cryptocurrency exchange MEXC. OKX CEO Star Xu issued a warning regarding transfers linked to MEXC, citing strengthened internal compliance controls following recent regulatory developments. The deposit issues follow a Financial Crimes Enforcement Network (FinCEN) order penalizing ...
Key Highlights: The U.S. Treasury Department is moving to sever crypto exchange MEXC from the U.S. financial system over allegations it processed at least $16 billion in illicit funds. FinCEN issued the order under Section 9714 of the Combating Russian Money Laundering Act, barring domestic financial institutions from transacting with or transferring crypto to MEXC. ...
Key Highlights KuCoin has moved to restrict operations in Russia and Belarus, ambiguously referencing “applicable legal and regulatory requirements” without citing specific European Union or United Kingdom mandates. The move follows prior restrictions by centralized exchanges MEXC and Bitget, amid escalating Western sanctions targeting third-party crypto firms and evasion networks. With domestic regulatory rollout timelines ...
Key Highlights: KuCoin has ceased all products and services for users located in Russia and Belarus with immediate effect. The trading platform attributed the sudden exit to general legal and regulatory compliance requirements. KuCoin joins competing exchanges MEXC and Bitget amid intensifying Western sanctions targeting crypto-based financial flows. Major cryptocurrency exchange KuCoin has officially terminated ...
Key Highlights: MEXC has established a phased offboarding timeline for French accounts across four deadlines leading to complete position closures on January 22, 2027, and full withdrawal termination on March 5, 2027. Remaining unclaimed assets belonging to French users will be transferred to a regulated custodian, with optional referrals available for users wishing to self-migrate ...
Key Highlights: Cryptocurrency exchange HTX has officially added Russia to its list of restricted jurisdictions. The policy change limits access to trading and core platform services for users based in Russia. The move follows recent service discontinuations by competing crypto exchanges Bitget and MEXC in the Russian market. HTX Restricts Platform Access for Russian Users ...
Key Highlights South Korean authorities are imposing access restrictions on unregistered foreign cryptocurrency platforms targeting domestic investors, including KuCoin and MEXC. Under local regulations, foreign virtual asset providers must register with the Financial Intelligence Unit (FIU) if they provide Korean-language support, target local marketing, or offer Korean won settlements. While accounts are not automatically frozen, ...