Avoid Kucoin exchange..

[Bitcoin_Arena]

More like avoiding dealing with all those exchanges that have been sanctioned by the EU if you don't want your funds blocked by other major centralized exchanges. Yes, that is where we are now.

I think centralized exchanges should also start providing their users with AML screening tools. These tools should be built within an exchange app or website and should be free of charge to help users know the AML risk of their funds before making any deposit on to the exchange

[avp2306]

More like avoiding dealing with all those exchanges that have been sanctioned by the EU if you don't want your funds blocked by other major centralized exchanges. Yes, that is where we are now.

I think centralized exchanges should also start providing their users with AML screening tools. These tools should be built within an exchange app or website and should be free of charge to help users know the AML risk of their funds before making any deposit on to the exchange

That free AML tool is actually helpful for normal people not experience any possible issue with the casino.

But it also have a downside, since scammers can actually use that free tool they provide to possibly now that their funds has been detected. Then change their strategy and find other best alternative route to escape and withdraw their stolen funds.

If exchange start to adopt that. I think they need more deeper checks for those huge deposit and withdrawal to know if there's shady matters happened in their transactions.

[Z-tight]

But it also have a downside, since scammers can actually use that free tool they provide to possibly now that their funds has been detected. Then change their strategy and find other best alternative route to escape and withdraw their stolen funds.

You have a very valid point, but when you think about it, a scammer would have to be downright dumb to attempt to move stolen funds through a custodial/centralized service, there can only be one outcome of that. So, to be fair i think this would benefit legitimate users, rather than bad actors.

Someone could say that there are other free AML checking tools out there, but you can never be sure how it compares against the screening tool used by the exchange themselves.

[coin-investor]

Slowly we will lose freedom in the exchanges because the exchanges will checking everything before we can accept the funds in our exchange account. First Binance, second KuCoin, what next?

Two big exchanges are doing this, so it will become a standard; many exchanges will follow their lead. They need to follow regulators to stay competitive; exchanges cannot afford to lose major markets or their user base.

You have nothing to worry about this if your account or funds are clean, but you have to check and be sure that it's indeed clean. If you're a big trader and can't afford to have your account flagged, monitor all transactions. I think there are third parties tol that can do this.

[Bitcoin_Arena]

That free AML tool is actually helpful for normal people not experience any possible issue with the casino.

But it also have a downside, since scammers can actually use that free tool they provide to possibly now that their funds has been detected. Then change their strategy and find other best alternative route to escape and withdraw their stolen funds.

Knowing or tracing the origin of funds is common knowledge, and besides, there are paid AML screening tools out there, so scammers will still use those. The issue here is for the common users to know exactly what kind of funds they are going to deposit in an exchange - Does the exchange consider their funds "clean" or not?

Imagine depositing funds you received from another service only for the exchange to block them, stating that the funds is from stolen sources. How will you prove that you are not the hacker?
But if you use the AML tool provided by the exchange, before you even deposit the funds, you will know that the money is from illicit sources

[Accardo]

Why are they a bit late in catching up, considering news reports say they already hold a MiCA license?, whereas Binance got a head start.

Kucoin would be shaky leaving the EU, MICA non compliance could collapse the exchange, so non EU users better abstain, if they don't wish to comply with the MICA rules.

Just wait until some wacky HTX users swarm the deposit addresses linked to KuCoin (or maybe it’s already happening)^(*). Hahaa
*) https://bta.lk/t/5591697

lol this has been going on long time ago, for some period it'll turn out a hard fight, but it'll die down for these rules. Both MICA and Ku coin shouldn't be trusted, accounts with traces of the HTX users dust transfers, could get sanctioned too.

[TastyChillySauce00]

Exactly! Having such license, it's not as if Bybit has the option to either implement it or not, abide by the sanctions or not. There's no such choice. It's mandatory.

Also, whether Bybit announces it or not isn't the signal, because its highly compliant third-party security providers are doing the silent job of enforcing whatever legal directives at the backend. The screening, freezing, blocking, rejecting, reversing, and other triggers are automated.

Finally, being "ignorant of the news" has never been a valid excuse. Users of Bybit and other leading crypto exchanges have been complaining for years and years of locked funds without knowing the reason why.

Yep and actually bybit had made important notice regarding enforcement of the sanction back in 27 may 2026 as it turns out https://x.com/Bybit_Official/status/2059578789613699478, using this as a precedent, they'll likely to enforce platform wide screening to the deposit that are connected to the 17 platforms above as well if anyone ever made one.

The supervising of MiCA authorization is also happening on an ongoing basis, the EU has made a good example of KuCoin by prohibiting it from fully operating because the exchange let the few roles required by MiCA were left empty.

[boyptc]

I used to like kucoin when they were the last remaining warrior of a no-kyc exchange. But I get to see why they have these changes for their policy because just like us as users, they're compliant to the policies for their business.

But as for freezing, blocking and other features that they have. It's a normal feat of an exchange if they have found some users receiving/depositing funds from unrecognized or unknown sources.

Won't be surprised if this particular rule won't be applied only to specific regions like EU. It can be followed by the others.

[nobswebdev]

Personally I don't use CEX at all. Only DEX. Those CEX will always need to be compliant with regulations whether they want it or not.

[OmegaStarScream]

Exactly! Having such license, it's not as if Bybit has the option to either implement it or not, abide by the sanctions or not. There's no such choice. It's mandatory.

Also, whether Bybit announces it or not isn't the signal, because its highly compliant third-party security providers are doing the silent job of enforcing whatever legal directives at the backend. The screening, freezing, blocking, rejecting, reversing, and other triggers are automated.

Finally, being "ignorant of the news" has never been a valid excuse. Users of Bybit and other leading crypto exchanges have been complaining for years and years of locked funds without knowing the reason why.

Yep and actually bybit had made important notice regarding enforcement of the sanction back in 27 may 2026 as it turns out https://x.com/Bybit_Official/status/2059578789613699478, using this as a precedent, they'll likely to enforce platform wide screening to the deposit that are connected to the 17 platforms above as well if anyone ever made one.

The supervising of MiCA authorization is also happening on an ongoing basis, the EU has made a good example of KuCoin by prohibiting it from fully operating because the exchange let the few roles required by MiCA were left empty.

It looks like they have published a list a few days ago[1]. I'm not sure what did it contain before this, but it looks like it has much more than what Kucoin and Binance has published so for anyone using the exchange, it's definitely worth looking into.

[1] https://www.bybit.com/en/legal/additional-terms-and-disclosures/Restricted-Counterparty-List

[sergiorus]

Exactly! Having such license, it's not as if Bybit has the option to either implement it or not, abide by the sanctions or not. There's no such choice. It's mandatory.

Also, whether Bybit announces it or not isn't the signal, because its highly compliant third-party security providers are doing the silent job of enforcing whatever legal directives at the backend. The screening, freezing, blocking, rejecting, reversing, and other triggers are automated.

Finally, being "ignorant of the news" has never been a valid excuse. Users of Bybit and other leading crypto exchanges have been complaining for years and years of locked funds without knowing the reason why.

Yep and actually bybit had made important notice regarding enforcement of the sanction back in 27 may 2026 as it turns out https://x.com/Bybit_Official/status/2059578789613699478, using this as a precedent, they'll likely to enforce platform wide screening to the deposit that are connected to the 17 platforms above as well if anyone ever made one.

The supervising of MiCA authorization is also happening on an ongoing basis, the EU has made a good example of KuCoin by prohibiting it from fully operating because the exchange let the few roles required by MiCA were left empty.

It looks like they have published a list a few days ago[1]. I'm not sure what did it contain before this, but it looks like it has much more than what Kucoin and Binance has published so for anyone using the exchange, it's definitely worth looking into.

[1] https://www.bybit.com/en/legal/additional-terms-and-disclosures/Restricted-Counterparty-List

Yep because those were ''restricted exchanges'' and this one is the first of its kind, a ''restricted counterparty list'', which contains not only exchanges, but private equities, custodial wallets, political and military parties, as well as wallets associated with certain darknet merchants and hacker groups.

In a sense it's not so grounbreaking as one has had to be extremely aware of what addresses they deposit on a CEX from for years now and the names in the list are mostly well known, except for smaller private equities but in case of those, the people associated with them must be well aware of the sanctions against them.

Probably the only one I was surpised and upset to see is ''Freekassa''. It is a payment service associated with a few digital goods marketplaces (i.e. possibly the largest is https://plati.market/) where you can pay with crypto.

Anyway, it's been clear that if you want to interact with the large CEX platforms you better to keep the wallet you interact from as sterile as possible. After all, it's not possible to keep track of everything that gets ''sanctioned'' these days. And you never know which CEX will get draconian about this stuff out of sudden.