Binance Freezes Out MEXC Four Weeks Before U.S. Transfer Ban Applies

Binance Freezes Out MEXC Four Weeks Before U.S. Transfer Ban Applies

Binance announced Tuesday that it is refusing to move money to or from the crypto exchange MEXC and its affiliated companies. The notice came the same day the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) order against MEXC Global was published in the Federal Register, which means U.S. financial institutions are not bound by the ban until Dec. 10. Transfers out to any MEXC entity on Binance’s list will be refused. Funds arriving …

Binance Blocks MEXC Transfers In FinCEN Fallout

Binance will decline transfers to 13 named MEXC entities and hold incoming deposits for review, 30 days before FinCEN's special measure takes effect.

Binance Will Block Transfers Tied to MEXC and Named Affiliates

Binance will reject outgoing wallet transfers and temporarily hold deposits from MEXC Global Limited, MEXC Estonia OÜ and GIDA Technology AG for review.

Binance & Various Other Exchanges Suspend MEXC Transactions

The crypto industry just witnessed a major regulatory disruption. FinCEN officially designated MEXC as a Primary Money Laundering Concern. Consequently, major cryptocurrency platforms are taking immediate and severe action. Exchanges like Binance and Redotpay have issued official notices to halt all deposits and withdrawals linked to MEXC. Binance Enforces Strict Restrictions on MEXC Binance acted […] The post Binance & Various Other Exchanges S…

Binance Blocks MEXC Transfers After $16B US AML Finding

Binance has stopped processing cryptocurrency transfers involving MEXC and its affiliated entities after US regulators designated the exchange a primary money laundering concern over at least $16 billion in alleged illicit transactions. The restrictions announced November 10 cover more than a dozen entities associated with MEXC, including MEXC Global Limited, MEXC Estonia OÜ, GIDA Technology AG and MEXC Singapore Pte Ltd. Outgoing transfers from…