MEXC is winding down its operations in the Netherlands, according to a regional service restriction notice released by the exchange on Oct. 21. The platform told local users to transfer their assets out by Oct. 31 and said the withdrawal from the Dutch market is scheduled to be completed on Nov. 16. MEXC also confirmed that it has not yet obtained authorization under the European Union’s Markets in Crypto-Assets framework, or MiCA. Earlier, the exchange was placed on the European Securities and Markets Authority’s temporary list of non-compliant entities for providing crypto-asset services in the Netherlands without permission. Separately, MEXC said on Oct. 20 that it would stop offering services to users in Russia and Belarus. Its user agreement also lists 13 restricted jurisdictions, including the United States, Canada, the United Kingdom, Singapore, Hong Kong and mainland China.
MEXC is gradually exiting the Netherlands, according to a regional service restriction notice the exchange released on Oct. 21. The platform asked local users to transfer their assets by Oct. 31 and said it plans to complete the withdrawal from the Dutch market on Nov. 16.
MEXC said it has not yet obtained authorization under the European Union’s Markets in Crypto-Assets framework, or MiCA. The exchange had previously been placed on the European Securities and Markets Authority’s temporary list of non-compliant entities for providing crypto-asset services in the Netherlands without permission.
Earlier, on Oct. 20, MEXC announced that it would stop providing services to users in Russia and Belarus. Its user agreement also lists 13 prohibited jurisdictions, including the United States, Canada, the United Kingdom, Singapore, Hong Kong and mainland China.
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