KuCoin suspends services to Russian and Belarusian users; the Central Bank of Russia approves crypto self-regulatory organization.

KuCoin announced an immediate suspension of all products and services for users in Russia and Belarus, and provided an asset withdrawal process. On Thursday, the Central Bank of Russia approved the National Association of Securities Market Participants (NAUFOR) as a self-regulatory organization for cryptocurrency exchanges and custody institutions; registered entities must join within 90 days.