FinCEN Cuts MEXC Off From U.S. Over $16.7B Illicit Flows
Photo: Crypto News Flash
Some users report extra compliance checks when moving funds from MEXC to OKX, Binance and Gate. FinCEN has named MEXC a primary money laundering concern linked to Russian illicit finance. The order applies to U.S. financial institutions and takes effect only after Federal Register publication. MEXC says it is operating normally and has launched an independent compliance review. People moving crypto out of MEXC Global are hitting extra compliance checks at OKX, Binance, Gate and Bitget Wallet. The checks started after the U.S.
Source: Crypto News Flash
