Cryptocurrency exchange KuCoin has suspended account services for users registered in Russia and Belarus, affecting deposits and certain trading functions. The exchange announced the measure in an official communication to platform users.

Scope of the suspension

The restriction applies to accounts verified with local identification documents and may include withdrawal limitations and the disabling of fiat on-ramps. KuCoin said the changes affect both new and existing accounts tied to the specified jurisdictions.

Impact on accounts and trading

Customers in the affected countries should expect restrictions on some services and possible freezes on specific operations until further notice. The exchange recommended users review account settings and check the announcement channel for operational details.

• Deposits in certain fiat channels may be blocked for affected accounts.
• Retained cryptocurrency holdings remain on the platform but could face temporary transfer limits.
• Trading pairs available to those accounts may be reduced or suspended.

Guidance for users

KuCoin advised impacted customers to consult the support center and follow prescribed verification steps if available. Users were encouraged to withdraw assets where possible within the limits established by the platform.

Context

Exchanges periodically adjust service coverage in response to compliance requirements and risk assessments. KuCoin framed the suspension as a targeted operational change and indicated updates will follow as circumstances evolve.