Cryptocurrency exchange MEXC is preparing to end services for users associated with France, introducing a phased withdrawal schedule that will restrict trading, automatically close remaining positions, and eventually suspend withdrawals in March 2027. Meanwhile, Brazil is approaching a key regulatory deadline that could determine which crypto providers can continue operating while seeking authorization.
MEXC cited regulatory compliance in its notice to French customers and confirmed that affected accounts would be assigned to different groups, with individual deadlines communicated by email. The first group must take action by November 17, 2026, before restrictions begin the following day. Once restrictions take effect, customers will be able to reduce or close positions and withdraw assets, but they will no longer be permitted to make new deposits or increase their exposure.
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The move follows MEXC’s withdrawal from the Netherlands and adds to the regulatory challenges facing the exchange in Europe. MEXC’s country guidance states that it does not hold authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA). For French users, the immediate priority is to review account balances, manage open positions, and arrange asset withdrawals before the applicable deadlines.
The French wind-down will be implemented across four groups, with action deadlines scheduled for November 17, December 9, and December 30, 2026, followed by January 21, 2027. All deadlines are stated as 23:59 UTC+1. Trading restrictions begin one minute after each group’s deadline, while users retain the ability to reduce positions, adjust margin, repay loans, and withdraw funds during the permitted period.
Any positions remaining open will be automatically closed at midnight on January 22, 2027, UTC+1. MEXC has warned that forced closures and settlement procedures could result in additional fees or financial losses, making it important for affected customers to manage their positions before the cutoff.
Accounts will subsequently enter withdrawal-only mode at midnight on January 25, 2027. The final withdrawal deadline is midnight on March 5, 2027, with both times specified in UTC+1. According to the exchange, assets remaining after that date will be transferred to a regulated custodian. The custodian’s identity and the process for claiming assets are expected to be announced separately.
MEXC has also arranged optional referrals to trading platforms regulated within the European Union. However, customers should not expect their accounts or assets to transfer automatically. Anyone choosing another provider will need to complete its onboarding requirements and arrange the transfer independently.
In Brazil, the regulatory situation is different. The October 30 deadline concerns applications for authorization rather than requiring every existing cryptocurrency provider to have completed licensing by that date. Under Article 88 of the Central Bank of Brazil’s Resolution 520, existing providers that submit applications on time may continue their current services while their authorization applications are being assessed. Providers that fail to apply by the deadline must cease crypto-related services within 30 days after it passes.
Whether MEXC has submitted an application in Brazil remains unconfirmed. As a result, the deadline alone does not establish that the exchange must immediately stop serving Brazilian customers or impose a specific withdrawal date on them.
A separate regulatory measure is scheduled to take effect on November 6. Resolution 520, as amended by Resolution 589, restricts institutions regulated by Brazil’s central bank from conducting or facilitating crypto-market operations with unauthorized providers, except where arrangements are expressly permitted under the rules. The restrictions cover payment accounts and transactions used to facilitate those activities.
Together, the developments highlight the growing importance of jurisdiction-specific compliance for cryptocurrency exchanges. French customers face a defined schedule for managing their assets, while Brazilian users are awaiting greater clarity about provider authorization and the practical impact of new banking restrictions. For both markets, the key distinction is between confirmed regulatory deadlines and assumptions about how an individual exchange will respond.
