Binance Halts MEXC Transfers as FinCEN Cuts Exchange Off From US Financial System
Summary
Binance has blocked withdrawals to MEXC and is holding incoming deposits for review. The move follows regulatory action by FinCEN, which connected the platform to billions of dollars in questionable transactions.
The exchange will reject withdrawals to MEXC and hold deposits from it for review, after FinCEN tied it to $16 billion in suspicious flows.
Source: Read the full story at Decrypt
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