KuCoin Pulls All Products From Users in Russia and Belarus, Effective Immediately
By Unchained
AI summary of the source article
KuCoin has discontinued all products and services for users in Russia and Belarus effective immediately, citing legal and regulatory requirements. Affected customers will receive notifications with deadlines and instructions to close positions and withdraw assets.
Why it matters
For crypto users in Russia, Thursday leaves one fewer large offshore exchange to trade on and a domestic market whose registered firms now have 90 days to join an industry self-regulator.
Key facts
- KuCoin ended access to all products, services, and features for users in Russia and Belarus citing legal and regulatory requirements.
- Affected KuCoin customers will be sent notifications with deadlines to close positions and withdraw their assets.
- The Bank of Russia gave registered crypto exchange operators and digital depositories 90 days to join industry self-regulator NAUFOR.
Source excerpt · Unchained
KuCoin's notice named no rule behind the cutoff. The same day, Russia's central bank said registered crypto exchange operators have 90 days to join a newly approved self-regulator. The post KuCoin Pulls All Products From Users in Russia and Belarus, Effective Immediately appeared first on Unchained .