KuCoin Exits Russia and Belarus: Individual Deadlines Set for Account Closures

KuCoin, a major global cryptocurrency exchange, has announced it will discontinue all services for users in Russia and Belarus. The decision affects all accounts registered in these countries, with each user receiving an individual deadline for closing positions and withdrawing assets. This move aligns with international sanctions and regulatory pressure on crypto platforms operating in the region. Affected users must act before their specified cutoff date to avoid loss of access to funds. KuCoin’s exit reflects a broader trend of exchanges restricting services in sanctioned jurisdictions. Users in Russia and Belarus should monitor their email and account notifications for exact deadlines. The exchange has not disclosed the number of affected accounts, but the impact is expected to be significant given KuCoin’s large user base in Eastern Europe. This development underscores the increasing compliance burden on crypto firms and the shrinking availability of trading platforms in certain regions. Users are advised to withdraw assets promptly to avoid complications.