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KuCoin Announces Russia and Belarus Exit With Individual Account Deadlines

KuCoin says it is discontinuing all services for users in Russia and Belarus. Affected accounts will receive their own deadlines for closing positions and withdrawing assets.

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By Dextape Desk ·

KuCoin has said it will end operations for customers in Russia and Belarus, according to its October 29 notice. The exchange cites legal and regulatory obligations and says the restriction covers its full set of products and features. Instead of one universal deadline, each affected account will receive its own notice with closure steps and dates for settling positions and retrieving assets. Customers who have not received such a notice were told no action is required under this announcement. KuCoin also directed users to official channels, and the article cautions that impersonators may offer faster exits. Next steps are the rollout of the closure process and the individual account notices.

Why it matters: It shows that access to a crypto platform can end by jurisdiction even when the underlying tokens remain transferable, which affects customers and businesses relying on exchange services.

Summary by Dextape, based on reporting by NewsBTC. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.

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The Dextape Desk signs Dextape's own work: briefs on wire stories, the daily market report and desk analysis. Briefs are written by an AI model from the publisher's article text and checked automatically for copied wording, unsupported figures and investment advice before they appear. AI drafts from the editorial desk need corroborating sources and an editor's review before release.

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