Binance: Will No Longer Process Transactions Involving MEXC-Related Entities

According to TechFlow, on November 10, Binance announced that, following the recent designation of MEXC as a Primary Money Laundering Concern by the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN), Binance will no longer process transactions involving crypto asset service providers and platforms on that designation list. The announcement lists 13 related entities: MEXC Global Limited, MEXC Estonia OÜ, GIDA Technology AG, MXC Global Ltd, MEXC Global Foundation Ltd, MEXC Singapore Pte Ltd, MEXC (Comoros) Ltd, MEXC, MEXC Global, MEX Global Ltd, MX Global LTD, MEX Exchange (former name), and MEXC affiliates. Binance requires users not to send or receive funds to or from these entities, directly or indirectly, or trade with them through Binance; any transfer requests from Binance accounts to the above entities will be rejected. Binance also stated that if deposits are received from the above entities, the funds will be temporarily held for compliance review. Affected accounts may be restricted during the review, and users may also face further measures under Binance's Terms of Use, including account termination. The announcement notes that this is a general announcement, and the products and services referenced may not be available in certain jurisdictions.

Source: TechFlow