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Turkey has taken significant steps in regulating cryptocurrency this year, resulting in clearer requirements for exchanges. Following these important regulations, global exchanges had to remove Turkish language support. Currently, access restrictions have begun due to the Capital Markets Board’s (SPK) request, impacting cryptocurrency exchanges operating within the country.
MEXC Exchange Faces Access Block
In response to the SPK’s decision dated December 11, access to the MEXC exchange website has been blocked. Some users have managed to access the site through different internet service providers and VPNs, but it is expected that the ban will eventually include all operators. However, residents in the Turkish Republic of Northern Cyprus have reported being able to access the site without issues.
A review of exchanges operating in Turkey on the SPK’s website shows that MEXC is not listed. Companies like Binance and other popular cryptocurrency firms have received operational licenses after obtaining the necessary approvals and local representation. The absence of MEXC from the active exchanges list justifies the access restriction imposed on it.
Other companies, such as Coinbase and QNB Digital Assets Inc., are listed as firms that will cease cryptocurrency asset services under the provisions of Article 11 of the Capital Markets Law.
MEXC Announcement Regarding Access
A few minutes ago, the official MEXC TR account released a statement in Turkish, claiming that the access issue is due to “technical reasons.”
“Dear MEXC Users,
Due to technical reasons, mexc.com is temporarily inaccessible in Turkey.
You can continue your transactions via the MEXC App. Your assets and transactions are secure. Thank you for your understanding and support!
The MEXC Team”
For access to be restored, it seems necessary for the platform to be included in the list of companies that have obtained operational licenses. However, the announcement does not specify the steps to comply with local regulations.
