KuCoin Stops Operating in Russia and Belarus

KuCoin is suspending all of its services for users in Russia and Belarus with immediate effect due to “applicable legal and regulatory requirements,” without further detail. Affected users will receive a notice with deadlines to close positions and withdraw funds. Background: its operator, Peken Global, pleaded guilty before the U.S. Department of Justice to operating without a money transmitter license and without an anti-money laundering program

At KuCoin, regulatory compliance has always been fundamental to our operations. In line with applicable legal and regulatory requirements, KuCoin will suspend its services for users in Russia and Belarus with immediate effect. This will affect access to all KuCoin products, services and features.We recognize that this may cause inconvenience to affected users, and we are committed to an orderly termination process that allows them to close positions and withdraw their assets.

What this means for youIf your account is affected, you will receive a notification with the corresponding deadlines and instructions for its orderly closure.If you have not received any notification, you do not need to take any action. Please note that your account remains subject to KuCoin’s Terms of Use and applicable restrictions.