MEXC has announced that it will stop providing services to users in Russia and Belarus, describing the move as part of its effort to strengthen global compliance operations. Following the announcement, the exchange’s native token MX fell sharply. According to HTX market data cited by BlockBeats on Oct. 21, MX dropped 15% and was last quoted at $1.695. The report links the sell-off to MEXC’s official notice on the service suspension. No additional details on the implementation timeline were provided in the source material. The development was published by BlockBeats under the market analysis category.
MEXC has announced that it will stop providing services to users in Russia and Belarus.
In an earlier official notice, the crypto exchange said the move was part of measures taken to strengthen its global compliance operations.
After the announcement, MX, the platform token of MEXC, fell 15% and was quoted at $1.695, according to HTX market data cited by BlockBeats on Oct. 21.
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