TLDR:
- MEXC will discontinue services for users located in Russia or Belarus as part of compliance efforts.
- MEXC states that affected users’ assets remain safe and secure while accounts follow closure procedures.
- Affected users will get individual notifications with timelines for closing positions and withdrawals.
- Users who get no notification are unaffected and may continue using MEXC as usual under its terms.
MEXC discontinues services for users located in Russia or Belarus, according to an official service update from the crypto exchange.
The platform said the decision forms part of its ongoing efforts to strengthen global compliance. MEXC also stated that affected users’ assets remain safe and secure.
Impacted accounts will receive individual notifications with timelines and procedures. Users who receive no notification are not affected by the change and may continue using all trading services as usual.
Account Status and Next Steps for Affected Users
MEXC discontinues services based on the reasoning given in its service update. The exchange linked the step to its “ongoing efforts to enhance global compliance.”
The company wrote that “MEXC has decided to discontinue services for users of Russia or Belarus.” The notice carries the title Service Update for Users of Russia or Belarus.
The update did not name a single closing date. Instead, MEXC will share timelines directly with each affected account.
Affected users will receive individual notifications from the platform. These messages will outline the applicable timelines and procedures for closing positions and withdrawing assets.
Closing positions means ending open trades on the exchange. Withdrawing assets means moving funds out of the account. Therefore, each notification will carry instructions for that specific account.
MEXC also addressed users who have not received a notification. According to the exchange, “your account is not affected by this change” for those users.
They may continue using MEXC as usual, subject to the Terms of Service. In other words, MEXC discontinues services only for accounts that receive a notice.
Meanwhile, MEXC stated that “your assets remain safe and secure.” Users with questions about their account status can contact MEXC Customer Service. The team can also answer questions about the applicable procedures.
User Protection and Official Information Sources
MEXC also included a user protection notice in the same announcement. The exchange wrote that it “will never request payments, account credentials, seed phrases, or asset transfers via private message.” Any message making such a request therefore does not come from the platform.
In addition, the platform asked users to be cautious of phishing links, impersonation accounts, and unverified information. The notice places this caution next to the account instructions for affected users.
For updates, MEXC says users should “refer only to the MEXC official website, app, Announcement Center, and verified social channels.” The exchange lists no other source for information on the change.
MEXC closed its notice by stating that it “remains committed to compliant operations, user protection, and sustainable growth.” The announcement ends with this statement of purpose.
The exchange added that it aims to provide secure and reliable services to users worldwide. Finally, MEXC discontinues services only for users in Russia and Belarus.
The post MEXC Discontinues Services for Users in Russia and Belarus appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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