KuCoin Exits Russia and Belarus, Cutting Off Crypto Services in Major Compliance Move

Key Takeaways: KuCoin has closed down trading activity in Russia and Belarus.

Affected customers are able to close post positions and asset withdrawals.

Law and regulation compliance were mentioned by the exchange.

User Score8.7 Follow us on Google News KuCoin has stopped offering crypto services to users in Russia and Belarus, making the restriction effective immediately across its platform.

According to the exchange, it applies to all products, services and features, and the affected customers will be notified on how to close their positions and withdraw money.

KuCoin Cuts Off Full Platform Access in Russia and Belarus KuCoin announced the change on the 29th of Oct, stating that it is no longer compliant with the regulations in the two countries and can no longer operate in them.

The suspension is quite wide.

It does not specifically target certain products, covering access to all trading, account and other platform functions for KuCoin.

Individual notification will be sent out to affected users with information on deadlines and procedures to exit the medium orderly.

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