Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

KuCoin is a secure cryptocurrency exchange that allows you to buy, sell, and trade Bitcoin, Ethereum, and 700+ altcoins.

Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

KuCoin, a popular crypto exchange among Russians, introduces a user verification (KYC) procedure from July 15, 2023. Users who have not passed the mandatory KYC procedures will have their access to trading restricted. KuCoin is one of the few crypto exchanges that continues to serve clients of sanctioned Russian banks.

The Company Statement
August 29, 2023

Huobi and KuCoin, both based in Seychelles, still allow traders to transact with debit cards issued by sanctioned Russian banks, including Sberbank, on their peer-to-peer platforms. On the p2p platform of the KuCoin crypto exchange, the Russian banks "Sber", "Tinkoff" and others, in respect of which sanctions have been imposed, were removed.

June 28, 2023KuCoin will introduce mandatory user verification
February 24, 2023Two major crypto exchanges failed to block sanctioned Russians
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