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KuCoin Suspends Services for Russian and Belarusian Users

KuCoin, a cryptocurrency exchange, has suspended all products and services for users in Russia and Belarus due to regulatory obligations and increasing sanctions pressure. The exchange announced the immediate restrictions on Thursday and will provide an orderly process for affected customers to withdraw their digital assets. The decision reflects broader challenges for crypto platforms operating amid restrictions linked to Russia's war in Ukraine. However, KuCoin did not disclose further details about the withdrawal process or explain whether the restrictions could change. The announcement leaves affected users facing potential disruption as they seek alternative platforms.

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