MEXC Halts Services in Russia and Belarus Citing Global Compliance

HIGHLIGHTS MEXC will halt services for users in Russia and Belarus effective October 20, 2026, citing global compliance, days after Bitget restricted the same jurisdictions. EU and UK sanctions pressure, including action against Justin Sun’s HTX, has made serving Russian users a growing liability for offshore platforms. Russia and Belarus are building regulated domestic markets, with Moscow Exchange, Sberbank, and new Belarusian crypto banks filling the gap. MEXC, the Seychelles-based crypto exchange, has announced it will discontinue services for users in Russia and Belarus.