French Accounts Face Four Batches
MEXC’s notice assigns action deadlines of Nov. 17, Dec. 9 and Dec. 30, 2026, and Jan. 21, 2027, each at 23:59 in the notice’s stated time zone, UTC+1. Restrictions begin one minute after each deadline. Users can still adjust margin, reduce or close positions, repay loans and withdraw assets during this stage.
Any positions still open will be closed automatically at midnight on Jan. 22, 2027, UTC+1. MEXC’s accompanying FAQ warns that automatic closures and settlement may result in losses or fees.
Accounts enter withdrawal-only mode at midnight on Jan. 25, with withdrawals closing at midnight on March 5, both UTC+1. MEXC says assets left afterward will move to a regulated custodian; the custodian’s identity and claim arrangements will be announced separately.
The exchange says it has arranged optional referrals to EU-regulated trading platforms, but accounts and assets will not migrate automatically. Customers choosing another provider must complete its onboarding and transfer their assets themselves.
MEXC’s Dutch wind-down notice similarly established four account groups. The exchange also announced an exit for users in Russia and Belarus on Oct. 20, as The Defiant previously reported.
Brazil’s Deadline Is for Applications
Brazil’s Oct. 30 application deadline is approaching, rather than a deadline by which every existing crypto provider must already hold a license. Whether MEXC has filed remains unconfirmed.
Under Article 88 of the central bank’s Resolution 520, existing providers that apply on time may continue their existing services until their authorization process concludes. Providers that fail to submit a timely application must cease crypto services within 30 days after the filing deadline.
For Brazilian customers, that distinction determines whether their provider can continue operating while its application is assessed or must wind down. It does not establish a MEXC-specific withdrawal deadline.
A separate banking restriction takes effect Nov. 6. Resolution 520, as amended by Resolution 589, bars central-bank-regulated institutions from conducting or facilitating crypto-market operations with unauthorized providers, except through arrangements expressly permitted by the rules. The restriction covers payment accounts and payment transactions used to facilitate those operations.
