MEXC races against FinCEN’s 30-day clock after Russia-law cutoff

MEXC Global founder Vugar Usi has indicated that the crypto exchange is ready to fight to avert the blacklisting the exchange faces in the United States. The one-month countdown to the US cutoff started when the Financial Crimes Enforcement Network (FinCEN) sent out a November 6 order under Section 9714 of the Combating Russian Money Laundering Act. The 30-day timer starts on the date the order appears on the Federal Register. How MEXC is responding to the FinCEN order Usi is treating the 30-day runway as the time to open a negotiating channel with the US agency. On X, he said MEXC had opened a line to FinCEN “through the support of top-tier U.S. law firms” and that the agency confirmed it received MEXC’s written request yesterday morning, US time.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Cryptopolitan.