Binance Stops MEXC Transfers After FinCEN Cuts MEXC Off From US Financial System
(2 hours ago) · 1 source · Summarized by CryptoBipto
Binance has halted transfers to and from MEXC after the US Financial Crimes Enforcement Network (FinCEN) severed MEXC's access to the US financial system. The action represents a significant enforcement step by US authorities against the exchange. Binance's decision to comply by blocking MEXC-related transfers reflects the broader impact of the FinCEN order on the crypto industry.
WHY IT MATTERS
FinCEN is a US government agency that fights financial crimes like money laundering.
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SOURCES
- decrypt.co
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