WuBlockchain
MEXC said it does not hold MiCA authorization in the EU and EEA and is winding down services in the Netherlands. Final user offboarding is scheduled for November 16. The exchange is also discontinuing services for users in Russia and Belarus.
Why it matters
The move puts MEXC's regulatory access in Europe under direct scrutiny. MiCA authorization is becoming a central condition for crypto platforms operating across the EU and EEA, making jurisdictional restrictions an increasingly visible part of exchange operations.
MEXC's User Agreement currently lists 13 prohibited jurisdictions, including the United States, Canada, the United Kingdom, Singapore, Hong Kong, Mainland China, Malaysia and Kazakhstan.
Market impact
The immediate effect is operational: users in the Netherlands face a defined offboarding date, while users in Russia and Belarus are losing access to MEXC services. The broader signal is that exchange availability is being managed market by market as regulatory requirements and restricted-market policies expand.
Frequently asked questions
-
Why is MEXC winding down services in the Netherlands?
MEXC said it does not hold MiCA authorization in the EU and EEA. It is therefore winding down services for users in the Netherlands.
-
When will MEXC complete Netherlands user offboarding?
MEXC scheduled final user offboarding in the Netherlands for November 16.
-
Which other markets is MEXC discontinuing?
MEXC is also discontinuing services for users in Russia and Belarus.
-
How many jurisdictions does MEXC list as prohibited?
MEXC's User Agreement currently lists 13 prohibited jurisdictions.
-
Which major jurisdictions appear on MEXC's restricted list?
The list includes the United States, Canada, the United Kingdom, Singapore, Hong Kong, Mainland China, Malaysia and Kazakhstan.
CryptoSlate
CoinDesk
CoinTelegraph