MEXC winds down Netherlands operations due to lack of MiCA authorization and expands restricted-market list to include Russia and Belarus.
Regulation & Gov ·
MEXC lacks the required MiCA authorization to operate in the EU and EEA, prompting the exchange to wind down its Netherlands operations by November 16. The exchange is simultaneously discontinuing access for users located in Russia and Belarus as part of a broader contraction of its service footprint.
The compliance action reflects MEXC's inability to meet the Markets in Crypto-Assets Regulation framework that governs digital asset service providers across European jurisdictions. This move expands the exchange's existing roster of prohibited markets, which currently encompasses 13 jurisdictions under its User Agreement terms.
The full scope of MEXC's compliance obligations beyond the November 16 deadline and whether additional jurisdictions may be added to the restricted list remain unspecified. The precise operational impact on existing user positions and asset withdrawals during the offboarding window has not been detailed.