MEXC Confirms No MiCA License Amid Netherlands Exit

Cryptocurrency exchange MEXC has confirmed that it lacks authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework and is winding down its services in the Netherlands. According to CryptoNews, separate restrictions are also affecting customers in Russia, Belarus, and 13 prohibited jurisdictions.

Netherlands Wind-Down and MiCA Status

The withdrawal from the Netherlands follows a warning issued by the Dutch Authority for the Financial Markets (AFM) on September 24, 2025. The regulator stated that MEXC was offering cryptocurrency services to Dutch consumers without required MiCA authorization, noting promotional activities via a Dutch-language social media account and a blockchain conference sponsorship.

In March 2026, MEXC suspended fiat-related services for Netherlands residents before introducing a phased account closure process. An offboarding announcement on September 29 assigned customers to four groups, with final action deadlines extending through October. However, a separate October 21 country guide listed November 16 as the final offboarding date, with the exchange leaving the published dates unreconciled.

International Restrictions and Prohibited Jurisdictions

Alongside its European regulatory challenges, MEXC announced on October 20 that it would discontinue services for users in Russia and Belarus through individual account notifications. This follows earlier futures contract restrictions introduced in May. Furthermore, the exchange's October 13 User Agreement explicitly lists 13 prohibited jurisdictions, including the United States, Canada, the United Kingdom, Singapore, Hong Kong, Mainland China, Malaysia, Kazakhstan, North Korea, Cuba, Iran, Sudan, and Russian-controlled Ukrainian territories.

Key facts

• MEXC confirmed it holds no authorization under the EU MiCA framework.
• The Dutch AFM issued a warning against MEXC on September 24, 2025.
• MEXC discontinued fiat-related services for Netherlands residents in March 2026.
• Users in Russia and Belarus face individualized service termination and withdrawal arrangements.
• The exchange's user agreement prohibits customers from 13 specific jurisdictions.