Hi Dear Coins Users,
Following the recent regulatory developments in the U.S with regards to MEXC, as a regulated virtual asset exchange, protecting our users and maintaining the integrity of the financial system is our highest priority. Therefore, we are enhancing our monitoring and review process against funds with exposure to MEXC.
“Today, as part of Operation Economic Outcast, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order effectively cutting off MEXC Global’s access to the U.S. financial system. MEXC Global is a convertible virtual currency exchanger that has facilitated at least $16 billion in illicit transactions connected to Iranian, North Korean, and Russian sanctions evasion, as well as cybercrime, including by transacting directly with sanctioned actors. FinCEN’s order prevents U.S. financial institutions from processing funds transfers involving MEXC Global.”
What this means for you
- Avoid transferring funds directly from MEXC.
- Any transfer from/to MEXC might be subject to longer review time or potential rejection.
The above changes are expected to be effective on 16-Nov. Our Customer Support team is here if you have questions. Thank you for your patience and understanding.