US regulators called MEXC one of the money laundering sector’s key problems
Binance has stopped processing crypto transfers linked to MEXC Global and its affiliates. The exchange announced the move on November 10 and sent customers relevant instructions.
The decision came after US regulators called MEXC one of the main problems in the money laundering sector. They linked the platform to alleged illegal transactions worth $16 billion.
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2 updates · since November 10
Binance Blocks MEXC Transfers After FinCEN’s $16 Billion Case · you are here
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Binance has halted transfers to MEXC and companies linked to it. The exchange will hold incoming transfers while they are reviewed; users’ accounts may be restricted or closed as a result. A FinCEN order barring covered U.S. financial inst…
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