Binance Announces Restrictions on Transactions Involving MEXC Entities
Binance says it will decline transfers to listed MEXC entities and review deposits received from them.
Binance said on November 10 that it would no longer process transactions involving MEXC and the related entities named in its announcement. Binance cited FinCEN's recent designation of MEXC as a Primary Money Laundering Concern as the reason.
According to Binance, requests to send funds from a Binance account to the listed entities will be declined. Deposits received from them will be temporarily withheld for compliance review. Binance says further account restrictions, including possible account closure, may apply.
The exchange advises users not to send, receive or otherwise conduct transactions through Binance involving the listed entities, directly or indirectly. Users with questions can contact Binance support and consult the original announcement for the full list of 13 entities, which includes MEXC Global Limited, MEXC Estonia OÜ and MEXC Singapore Pte Ltd.
Source: Official exchange announcement
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