Access blocked to Cryptocurrency Exchange MEXC in Turkey

With the widespread use of cryptocurrencies, the number of exchanges where you can trade these assets has also increased. We saw many different exchanges providing services in Turkey. MEXC Global was one of them.

However, today there was an unexpected development regarding MEXC Global. Capital Markets Board (CMB) announced that access to the stock exchange had been blocked. explained.

It is said that access was blocked due to non-compliance with regulations.

According to the information received, the decision was taken within the framework of the measures taken by the CMB to prevent the activities of unauthorized platforms. Such companies in our country Establish a new company and obtain a license It was necessary. Those who were not given permission had to remove the Turkish language support.

Here is MEXC Global in Turkey do not have an operating permit Access was blocked because it was not located between the companies. The statement cited the reason for the entry ban as the fact that platforms offering leveraged transactions abroad operate for individual investors in Turkey.

Even though access is blocked, MEXC users can Ways like VPN You can continue to benefit from the exchange’s services by registering. There is no information on when it will start its operations.

Statement from MEXC

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The company has also issued a statement in this regard. However, the access barrier was not mentioned in the statement, but the problem was for technical reasons was declared. The company stated that the site was experiencing issues, but transactions could continue through the application. It also added that assets and transactions are safe.