EXMO.com has stopped serving customers in Russia, Belarus and Kazakhstan

"This is a difficult decision for us as we have spent more than eight years building a strong community of crypto enthusiasts around the world, adhering to the best compliance norms, and providing exceptional service to all of our customers, regardless of where they live." However, in light of Russia's invasion of Ukraine, EXMO.com, as a global group, wants to avoid jeopardizing its global expansion goals by doing business in such high-risk areas," EXMO.com said in an official statement.

In the past seven weeks, several major financial service providers have announced the closure of their operations in Russia and Belarus. PayPal's services in Russia will cease in the first week of March 2022. Saxo Bank, a provider of financial transaction services, announced earlier this month that it will no longer provide services to Russian and Belarusian customers.