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MEXC to Suspend Services for Users in Russia and Belarus

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Summary

  • Crypto exchange MEXC said it plans to suspend services for users in Russia and Belarus.
  • Users affected by the suspension must close their positions and withdraw deposited funds by the deadline communicated to each account.
  • Each account's wind-down deadline will be provided individually, while a full suspension schedule and a specific reason for the move were not disclosed.

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Photo: Shutterstock
Photo: Shutterstock

Crypto exchange MEXC plans to suspend services for users in Russia and Belarus. Those users will be given individual deadlines to close positions and withdraw funds.

Cointelegraph reported on October 20 that MEXC plans to stop providing services to users in Russia and Belarus and begin winding down the affected accounts.

Users subject to the suspension must close their positions and withdraw funds deposited on the exchange by the deadline communicated to each account.

Each account's wind-down deadline will be provided separately. MEXC did not disclose a full timetable for the service suspension or a specific reason for the move.

#Crypto Regulation

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