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2 clusters · 7 sources · 8 days · First seen · Last updated

Cryptocurrency exchanges restricting Russian services

Overview

Cryptocurrency exchanges, including Bitget, HTX, and MEXC, have implemented service restrictions for users located in or registered in Russia, Belarus, and Kazakhstan.

Bitget initially described its move as a “one-off exercise” to maintain a secure and compliant environment, notifying users of specific deadlines to close positions and withdraw assets. The exchange also moved to terminate accounts linked to sanctioned platforms.

Following these developments, HTX and MEXC also announced withdrawals from the region. These actions follow increased regulatory and sanctions pressure from international bodies, including designations by the United Kingdom and additional measures introduced by the European Union targeting cryptocurrency-related financial activity connected to Russia.

Entities

Bitget · Belarus · HTX · MEXC · Russia

Timeline

  1. [BUSINESS] 2 sources
    HTX, Bitget, and MEXC restrict cryptocurrency services in Russia

    Cryptocurrency exchanges HTX, Bitget, and MEXC have restricted services for Russian users following sanctions pressure from the UK and EU.

  2. [BUSINESS] 6 sources
    Bitget restricts services in Russia, Belarus, and Kazakhstan

    Bitget has restricted services for users in Russia, Belarus, and Kazakhstan, citing compliance needs. Affected users are receiving individual notices regarding asset withdrawals and account closures.

Sources

ambcrypto.com · blockchainseoul.kr · blockonomi.com · cryptobriefing.com · ethnews.com · rande-academy.cz · tokenpost.kr