OKX Warns MEXC Users About Potential Deposit Freezes Before FinCEN Deadline
(4 hours ago) · 1 source · Summarized by CryptoBipto
OKX has issued a warning to users who also use MEXC, alerting them to possible deposit freezes as a FinCEN compliance cutoff approaches. The warning suggests that transfers between the two exchanges could be affected by upcoming regulatory enforcement actions. Details about the specific FinCEN deadline and its requirements remain limited based on available information.
WHY IT MATTERS
FinCEN is a U.S. government agency that fights money laundering — the process of disguising illegally obtained money as legitimate funds.
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SOURCES
- thedefiant.io
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