WEEX holds no operating licence from a tier-1 or tier-2 regulator. WEEX International Exchange LTD has a FINTRAC money services business registration in Canada (M21642476), and third parties report further registrations with FinCEN in the US, the St Vincent and the Grenadines FSA and El Salvador. These are anti-money-laundering registrations, not licences to run a trading venue, and they give clients no compensation scheme or ombudsman. Canadian and US users are blocked under WEEX's own terms.
In 2025 the Georgia Department of Banking and Finance issued a cease and desist order against WEEX International Exchange LTD for operating a virtual currency platform in Georgia without a money transmitter licence. The letter is dated 23 January 2025 and the department reported it final on 27 March 2025. The Arkansas Securities Department issued a separate order directing WEEX to stop unlicensed money transmitter activity in the state. We found no IOSCO alert or Seychelles FSA warning naming WEEX.
Third-party summaries of the WEEX terms list the United States, Canada, mainland China, Hong Kong, Singapore, South Korea, Myanmar, North Korea, the UAE, Iran, Syria, Sudan, Somalia, Cuba, Venezuela and Russian-controlled regions of Ukraine as restricted. The official terms page did not load when we checked, so confirm your country before depositing.