KuCoin suspends services in Russia and Belarus

KuCoin suspended all products and services for users in Russia and Belarus on October 29, citing applicable legal and regulatory requirements. The cryptocurrency exchange said affected customers would receive individual instructions and deadlines to close positions and withdraw assets as it winds down their accounts. The company has not published a single deadline for all users or disclosed how many accounts are affected or the value of their holdings. KuCoin said customers whose accounts fall under the restrictions will be notified directly. Its announcement also said users who have not received a notification need take no action at this stage. KuCoin did not identify a specific order, regulator instruction or sanctions designation as the trigger for the suspension. The exchange described the decision as a compliance measure, but its notice did not name the particular legal or regulatory requirement involved. The move follows other restrictions announced in October. MEXC said on October 20 it would end services in Russia and Belarus, with affected customers receiving account-specific instructions. Bitget’s October 17 statement described closures for certain users as a one-off...