MEXC suspends services for Belarus, Russia users; second major crypto exchange exit

MEXC, a major cryptocurrency exchange, has suspended services for users in Belarus and Russia, following a similar move by another major exchange days earlier. The exits signal tightening compliance pressure on crypto platforms serving sanctioned jurisdictions, though the specific trigger remains unclear. This development may accelerate capital outflow constraints for Belarusian and Russian users and reflects broader Western-aligned financial isolation.