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Crypto Regulation

Binance to halt transactions involving MEXC after FinCEN money-laundering flag

Binance said it will no longer process transactions involving MEXC and its affiliated entities, citing FinCEN’s recent designation of MEXC as a “primary money laundering concern.” The exchange announced the restriction in a notice to users. The move follows the U.S. Financial Crimes Enforcement Network’s action against MEXC.

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