FinCEN proposes cutting MEXC off from the US financial system, while OKX warns users to stop direct transfers
As US Moves to Cut Off MEXC, Competitor OKX Warns Users Against Transfers
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FinCEN, an agency under the US Treasury Department, issued an order proposing to prohibit US financial institutions from conducting relevant business with MEXC 30 days after the order is published in the Federal Register, alleging that MEXC transferred at least $16.7 billion in suspected illicit funds between May 2021 and May 2026.
The article reviews FinCEN’s measures against MEXC, the 30-day effective window, and their impact on funds transferred into trading platforms, showing how US anti-money laundering enforcement is extending to related financial institutions.
Source:Finance Magnates · financemagnates.com