According to CoinMeta, KuCoin announced that it will cease services to users in Russia and Belarus effective immediately, citing compliance with relevant laws and regulatory requirements, without specifying which sanctions or regulations are involved. Affected users will receive notifications of the deadline for closing positions and withdrawing funds, but the platform has not disclosed the number of users affected. Earlier this month, MEXC and Bitget also announced restrictions on Russian and Belarusian users, with MEXC stopping services to users in these two countries on October 20th. Previously, Binance withdrew from the Russian market in September 2023 and sold its local operations to Commex, which then closed down about six months later. ( Coindesk )