MEXC names new CEO, accelerates MiCA compliance

Cryptocurrency exchange MEXC named a new chief executive and announced it will accelerate preparations to comply with the European Union’s Markets in Crypto‑Assets regulation, known as MiCA.

The appointment and the compliance program were disclosed in a company statement. The new CEO will lead an expanded regulatory and legal team focused on meeting EU requirements and overseeing licensing efforts.

MEXC plans to increase investment in internal controls, licensing work and engagement with European authorities. The firm intends to strengthen know‑your‑customer and anti‑money‑laundering checks and to upgrade systems for transaction monitoring and recordkeeping.

The compliance work will address areas covered by MiCA, including governance for digital asset service providers, consumer protections, risk controls and transparency requirements for certain token types. MEXC expects to adapt product offerings and business processes as needed to meet registration and reporting standards under EU law.

The exchange said it will review custody arrangements and token listing policies to align with conduct and disclosure rules in the regulation. Those reviews may affect how customers in the EU access trading services, custody and certain token products.

MEXC plans to communicate directly with users about any changes to account access, product availability or verification procedures that result from the program. The company also intends to provide updates on licensing progress and regulatory milestones as work advances.