Binance: Will no longer process transactions involving MEXC-affiliated entities
On November 10, Binance announced that, following the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) recent designation of MEXC as a Primary Money Laundering Concern, 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 (formerly known as), and MEXC-affiliated entities. Binance instructs users not to send or receive funds to or from these entities directly or indirectly, nor to execute transactions with them through Binance; any transfer requests originating from Binance accounts to the aforementioned entities will be rejected.
Binance also stated that deposits received from the aforementioned entities will be temporarily held pending compliance review. During the review period, affected accounts may be subject to restrictions, and users may face further measures in accordance with Binance's Terms of Service, including expulsion. The notice clarifies that this is a general announcement, and the referenced products and services may not be available in certain jurisdictions.