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KuCoin Exits Russia and Belarus as EU Crypto Sanctions Tighten

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KuCoin Exits Russia and Belarus as EU Crypto Sanctions Tighten

KuCoin has stopped serving customers in Russia and Belarus, becoming the third major crypto exchange to announce restrictions in the region within two weeks. KuCoin said the decision took effect immediately and covered every product. Affected customers will receive individual deadlines to close positions and withdraw funds. The exchange cited “applicable legal and regulatory requirements,” The post KuCoin Exits Russia and Belarus as EU Crypto Sanctions Tighten appeared first on BeInCrypto.

Key Takeaways

  1. KuCoin has stopped serving customers in Russia and Belarus, becoming the third major crypto exchange to announce restrictions in the region within two weeks.
  2. KuCoin said the decision took effect immediately and covered every product.
  3. Affected customers will receive individual deadlines to close positions and withdraw funds.
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Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.