MEXC announced this Tuesday that its services will no longer be available to users in Russia and Belarus. The international exchange justified the decision citing the need to strengthen its global regulatory compliance framework. According to the platform’s statement, affected traders will receive individual notifications outlining specific timelines to liquidate open positions and securely withdraw their funds.
This exit comes in response to the European Union’s tightening regulatory framework against sanctions evasion, coupled with Moscow’s new domestic directives restricting offshore exchanges and centralizing trading activity within authorized local entities. The measure reflects growing international pressure compelling centralized platforms to align with global standards to prevent extraterritorial penalties and operational disruptions.
Notified clients must proceed with the orderly withdrawal of their capital within the timeframes established by MEXC support, as the industry awaits forthcoming European directives.
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