If they saw that change is needed and good for their business, they did a right thing for their business safety and success but I don't know big reasons they do that because in years, many centralized exchanges did not comply with USA regulatory requirements before some big exchanges got sanctions from the USA.

I don't know but we will know soon with time. I feel like Russia and Belarus don't have enough both soft and hard powers to force cryptocurrency centralized exchanges changing their ToS to comply with regulatory in these nations. They're not the USA and they are not able to do massive sanctions like the USA or European nations in EU.

It's not too clear why MEXC and Bitget too quickly with changing ToS and complying with new regulatory requirements in Russia and Belarus.

They immediately comply, because they might face much heavier penalties and many more issues if they ignore the sanction.

Also I think complying might cost a lot from them, that's why maybe they just choose to end up their operation in said countries.

MEXC and Bitget just comply, because they probably know that they are the one will suffer and receive much big fines either in EU or US.

I think what they just did is for survival, they avoid those countries imposing strict restriction with unregulated platforms in their jurisdiction.

Exactly, it's not about whether they can't comply or not, it's about risk of secondary sanctions by complying.

If they complied, they'd probably face heightened scrutiny, just like HTX and others.

I mean just look at HTX which allegedly helped bypassing the sanction, they're still being sanctioned to this day.

Bitget as far as I know, can't risk it. Rarely heard about MEXC.

So basically the government right now are into awareness with these crypto platforms operating in their country so its part now if their requirement is to comply with the MiCA and unfortunately what ive read previously is they can't even comply yet with the requirement which is reason for a possible temporary not operating which is as per decided like with the both exchange is to stop operating their services into these country but if ever they are willing to comply I guess they can resolve this issue.

For the next exchange? No one knows yet but there is a higher likelihood chance that other operating exchange that has no license will be raise a warning to comply or else ended up the same story.

I was a bit surprised that centralized exchanges usually block access in Russia or other CIS countries only after a Western or European sanctions package. And right now, no public sanctions have been released. Well, if exchanges are so afraid of the West, then let them lose this huge part of the audience. There are still quite a few exchanges left - Bybit perfectly takes on all the main functions, so Bitget and MEXC can go to all four sides. I also want to note that there were cases when, after sanctions, an exchange publicly left the country, but in reality quietly continued to work for the citizens of this country. And while this is unlikely to happen in Bitget, there is a chance of such a hidden continuation of work in MEXC.

Wouldn't this news is appropriate on the Exchanges?

These two exchanges are considered next to the big ones and they're undeniable quite big. So, it's likely that the next ones would be the next into their ranks. Probably going to be ending up with the same situation as theirs. If it's not going to be bybit and okx then the tier 2's. AFAIK, these two have complied to their rules.

KYC is mandatory on both MEXC and Bitget.
Bitget announced mandatory KYC on September 30, 2023, and MEXC did so on February 5 this year.

Bitget's announcement: Bitget updates identity verification
MEXC's announcement: KYC Verification Required for Platform Access

I don't know what the actual case was here but I can tell you that sometimes it is not that they are afraid of the West for no reason. It is more like they are directly targeted and Western regimes start putting pressure on these companies to join their destabilization/cold war against other nations.

For example some years ago the US regime put pressure on Github to limit Iranian accounts!!! Github of all places.

These things are meant to continue putting pressure on the average citizen of countries that do not bow down to the Epstein Axis so that those citizens get more unsatisfied and start an unrest back home so that the Epstein Axis can use it to extort the government of that country and maybe even force them to bow down to the Evil Axis!

This case is most probably the same specially considering the timing of it. Recently the Russians started placing crazy limitations on their crypto traders targeting self-custody and P2P trades. Something that would obviously push Russians to use foreign exchanges... foreign exchanges that suddenly decided to ban them to comply with Western sanctions on Russia; sanctions that were imposed 4-5 years ago and they are just remembering to ban them now!!!

It is a tough life and people have to deal with it in their own hard way. Changing place of residence is easy but it is not always easy for people from a nation move to other nations. It can require valid visa even for temporary work permit before upgrading it to permanent resident or citizenship.

It is a very long time and challenging journey and not all people and family are able to do this. As a person who is not a Russian, I can feel how Putin has made many things worse in this nation.

It's of course secondary sanctions in the EU region that much more bigger than internal regulations that's causing this. It just so happens that Russia and Belarus falls within this region.

The pro of this news is that users would have to seek alternatives in P2P tools and have to get now accustomed to using core decentralization for their trades or investments with this approach instead of trusting or using the service of any other CEX services out there.