MEXC confirms no MiCA license as Netherlands exit nears

Cryptocurrency exchange MEXC has confirmed that it lacks authorization under the European Union’s MiCA framework and is winding down services in the Netherlands, while separate restrictions affect customers in Russia, Belarus and 13 prohibited jurisdictions. Summary MEXC says it lacks MiCA authorization and is withdrawing services from the Netherlands. Its country guide cites November 16, but a separate notice specifies earlier account deadlines. Russia and Belarus users face individualized service termination and withdrawal arrangements. MEXC’s User Agreement prohibits customers from 13 jurisdictions, including the U.S. and U.K. According to an October 21 country restrictions guide, the exchange does not hold authorization to provide crypto-asset services under the Markets in Crypto-Assets Regulation across the EU and European Economic Area. Meanwhile, the disclosure follows regulatory action in the Netherlands and separate service termination notices affecting Russia and Belarus. MEXC’s published terms prohibit customers from several major markets, although the restrictions have different legal and operational grounds. MEXC winds down Netherlands services after MiCA warning MEXC’...