Binance Halts MEXC Transfers as FinCEN Cuts Exchange Off From US Financial System
Summary
Binance has suspended transfers involving MEXC following a regulatory action by FinCEN. The financial crimes agency linked the platform to billions of dollars in suspicious transaction flows. Consequently, the affected exchange will now block withdrawals and manually review incoming deposits.
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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