Binance Freezes Out MEXC Four Weeks Before U.S. Transfer Ban Applies
By Unchained
AI summary of the source article
Binance announced it is refusing fund transfers to and from crypto exchange MEXC and its affiliates. The move precedes a U.S. FinCEN order taking effect December 10, which bars U.S. financial institutions from transacting with MEXC Global over illicit finance allegations.
Key facts
- Binance is refusing outgoing transfers to 13 listed MEXC entities and withholding incoming funds pending compliance reviews.
- FinCEN issued an order barring covered U.S. financial institutions from transmitting funds to or from MEXC Global, effective December 10.
- FinCEN and Treasury allege MEXC Global moved over $16 billion linked to Russian illicit finance, sanctions evasion, cybercrime, and Iranian crypto exchangers.
Source excerpt · Unchained
FinCEN's ban on transfers involving MEXC binds U.S. financial institutions only from Dec. 10, but Binance is already refusing outbound transfers and screening inbound ones. The post Binance Freezes Out MEXC Four Weeks Before U.S. Transfer Ban Applies appeared first on Unchained .