Binance’s Turkish subsidiary says it has tightened its compliance measures following FinCEN’s designation of MEXC as a “primary money laundering concern”; the text does not specify which restriction applies or since when.
For its part, MEXC has detailed its shutdown in France, which it had already announced on October 28: euro deposits and withdrawals and card purchases end on November 18; from January 22 it will automatically close open futures positions “at a fair price” and convert any remaining tokens into USDT; crypto withdrawals end on March 5, and before April 5 it will transfer whatever remains to “a regulated custodian”.
MEXC gives no reason for its exit and makes no mention of the AMF, MiCA or FinCEN
Binance TR’s statement reads as follows:
“Following FinCEN’s designation of MEXC as a “primary money laundering concern”, Binance TR has strengthened its compliance and regulatory measures, taking into account the security of our users’ assets.
Accordingly, effective immediately, crypto asset transfers to and from the MEXC subsidiaries and entities listed below are suspended:
- MEXC Global Limited
- MEXC Estonia OÜ
- GIDA Technology AG
- MXC Global Ltd
- MEXC Global Foundation Ltd.
- MEXC Singapore Pte Ltd
- MEXC (Comoros) Ltd.
- Mexico
- MEXC Global
- MEX Global Ltd
- MX Global LTD
- MEX Exchange (formerly known as)
- MEXC subsidiaries
In this context:
- All cryptocurrency withdrawal requests sent from your Binance TR account to the entities listed above will be cancelled .
- All cryptocurrency deposits from the listed entities arriving at Binance TR will be temporarily suspended and subject to a compliance review . During the review process, additional restrictions, including account closure, may be applied to affected users, in accordance with the Binance TR Terms of Use .
Our customer support team is available 24 hours a day, 7 days a week, to answer your questions.
Thank you for your understanding.
Binance TR”
Get the best of the week in your inbox
Every Monday: the most-read stories on Territorio Blockchain, the new podcast episode and news about our events. Free, no spam.
We will send you an email to confirm. You can unsubscribe at any time with the link in every newsletter. Privacy
