EE Impact

KuCoin

Seychelles · Finance & Payments

LeaveRussia detail: Scaling Back

Scaling back

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

Status last verified 03/08/2026Source checked 31/08/2023Company website ↗LeaveRussia profile ↗

Business in Russia

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.

Decision trail

Decision date 29/08/2023 · Reference ↗

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.

Status history since 2022

  1. 03/08/2026 scaling back · Imported from KSE LeaveRussia

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