Binance Freezes Out MEXC Four Weeks Before U.S. Transfer Ban Applies

What happened

Binance announced Tuesday that it is refusing to move money to or from the crypto exchange MEXC and its affiliated companies. FinCEN's ban on transfers involving MEXC binds U.S. Binance is a cryptocurrency exchange and financial services company based in United Arab Emirates.

10, but Binance is already refusing outbound transfers and screening inbound ones.

Treasury’s Financial Crimes Enforcement Network (FinCEN) order against MEXC Global was published in the Federal Register , which means U.S. financial institutions are not bound by the ban.