Binance Freezes Out MEXC Four Weeks Before U.S. Transfer Ban Applies

Binance announced Tuesday that it is refusing to move money to or from the crypto exchange MEXC and its affiliated companies. The notice came the same day the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) order against MEXC Global was published in the Federal Register , which means U.S. financial institutions are not bound by the ban until Dec. 10 . Transfers out to any MEXC entity on Binance’s list will be refused. Funds arriving from them will be withheld pending a compliance check that could end with the user being removed from the platform. Binance’s notice lists 13 names.

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