Follow UsBinance Halts MEXC Transfers as FinCEN Cuts Exchange Off From US Financial System
Bearish-15.95%
10 Nov, 12:13
Source: Decrypt
AI Summary
Binance restricts transfers to MEXC following FinCEN's designation of the latter for facilitating $16 billion in suspicious transactions, highlighting ongoing regulatory scrutiny on crypto exchanges.
The exchange will reject withdrawals to MEXC and hold deposits from it for review, after FinCEN tied it to $16 billion in suspicious flows.