Binance began refusing to transfer funds to MEXC four weeks before the ban takes effect.
The FinCEN ban on transfers involving MEXC will not bind U.S. financial institutions until December 10, but Unchained reports that Binance has already stopped outgoing transfers and is screening incoming ones. In other words, enforcement began before the regulatory obligation takes effect.
· What has been confirmed is Binance’s refusal of outgoing transfers and screening of incoming ones
· The ban still takes effect on December 10 for other U.S. institutions; that date has not yet arrived
Would you rather see changes in MEXC’s inflows around December 10, or how other exchanges respond?
The FinCEN ban on transfers involving MEXC will not bind U.S. financial institutions until December 10, but Unchained reports that Binance has already stopped outgoing transfers and is screening incoming ones. In other words, enforcement began before the regulatory obligation takes effect.
· What has been confirmed is Binance’s refusal of outgoing transfers and screening of incoming ones
· The ban still takes effect on December 10 for other U.S. institutions; that date has not yet arrived
Would you rather see changes in MEXC’s inflows around December 10, or how other exchanges respond?
