MEXC Set to Exit Netherlands After Confirming It Has No MiCA Licence
Reported by Gadgets 360, not nibnow. We are not the publisher of this story, only the source is.
Dutch users of MEXC will lose access to the platform, and the exit highlights how crypto firms must meet new EU licensing rules.
Cryptocurrency exchange MEXC has confirmed that it lacks authorisation under the European Union’s Markets in Crypto-Assets Regulation (MiCA), prompting its withdrawal from the Netherlands. The move follows a warning from Dutch regulator AFM over its services to local customers. MEXC has also announced service closures in Russia and Belarus and maintains restrictions across several other jurisdictions, including the US, UK and Singapore.
The EU's Markets in Crypto-Assets Regulation (MiCA) requires crypto exchanges to obtain a specific licence to operate legally in member states, and national regulators like the Dutch AFM enforce compliance.
- •MEXC may announce additional market exits if it cannot secure MiCA authorisation
- •Regulators in other EU countries could issue similar warnings to non‑licensed crypto firms
- •The exchange’s service restrictions in the US, UK, Singapore and other regions may be expanded