Six-hour briefing
Fintech Briefing:
What changed in fintech over the last 6 hours
Top Stories
- FinCEN bars US financial institutions from transactions with MEXC Global
FinCEN issued a final order under section 9714(a) barring US financial institutions from sending or receiving funds with MEXC Global starting 30 days after Federal Register publication. The agency cited at least 16 billion dollars in alleged illicit activity.
- Nubank and Mercado Pago pause cryptocurrency services after vendor issues
Nubank and Mercado Pago temporarily suspended select cryptocurrency operations due to problems with third party service providers. The halt occurred one week after an attacker stole 6.3 billion dollars from Binance, though Nubank stated all customer assets and data remain safe.
- Bank of Russia finalizes exchange trading rules for major digital assets
The Bank of Russia announced finalized rules permitting Bitcoin, Ether, and Tether USDT to trade on regulated domestic exchanges starting November 17, 2026. The framework opens cryptocurrency access to non qualified investors under mandatory risk assessments and purchase limits.
Banking
- Synctera raises 24.5 million dollars for banking as a service expansion
Embedded finance and banking as a service provider Synctera secured 24.5 million dollars in fresh capital. The funding is designated to support the company's integrations with sponsor banks and fintech clients as more banks enter the banking as a service sector.