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,” without naming any new rule or regulator. Its earlier announcements, however, provide clues. The Sanctions Trail Started Months Earlier On July 23, the European Union adopted its 21st Russia sanctions package, banning transactions with 14 foreign crypto platforms and creating powers to restrict other overseas providers used to evade sanctions . Weeks later, KuCoin began blocking direct and indirect transactions involving services including A7-linked entities, Rapira and HTX.

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